Ellington Financial Q1 adjusted EPS beats estimates

Ellington Financial

05/05/2026 21:50

Overview

U.S. mortgage and credit asset investor's Q1 adjusted EPS and net income beat analyst expectations

Strong Q1 driven by diversified portfolio and Longbridge segment gains, including securitization activity

Outlook

Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

LONGBRIDGE SEGMENT - Strong proprietary reverse mortgage loan originations, securitization gains, and a $17 mln litigation settlement drove Longbridge's contribution

CREDIT PORTFOLIO - Higher net interest income and gains on non-QM loans, retained tranches, and Agency-eligible loans supported credit portfolio performance

SECURITIZATION ACTIVITY - Increased volume and larger deal sizes in securitizations improved execution economics and attracted a broader investor base

Company press release: ID:nBw5mt6P3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.55
$0.44 (6 Analysts)
Q1 EPS
$0.78
Q1 Adjusted Net Income
Beat
$66.50 mln
$59.52 mln (5 Analysts)
Q1 Net Income
$95.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Ellington Financial Inc is $14.50, about 11.5% above its May 4 closing price of $13.01

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)