Ellington Financial Inc reports results for the quarter ended in September 30 - Earnings Summary

Ellington Financial

07/11/2024 04:56

* Ellington Financial Inc  EFC.N  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 33 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 33 cents to 44
cents per share.
    * Revenue rose 22.2% to $33.63 million from a year ago;
analysts
expected $38.11 million. 
    * Ellington Financial Inc's reported EPS for the quarter was
19
cents​.
    * The company reported quarterly net income of $16.18
million.
    * Ellington Financial Inc shares had fallen by 7.3% this
quarter and lost 6.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Ellington
Financial Inc is 14.00 
This summary was machine generated from LSEG data November 7 at
04:56 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.36           0.40           Beat
 Jun. 30 2024      0.35           0.33           Missed
 Mar. 31 2024                     0.28           
 Dec. 31 2023      0.40           0.27           Missed