Orchid Island Capital estimates Q2 net income at $0.44 per share, aided by RMBS gains
Orchid Island Capital estimates Q2 net income at $0.44 per share, aided by RMBS gains
Overview
US mortgage REIT's preliminary Q2 net income per share estimated at $0.44
Preliminary Q2 book value per share estimated at $7.22
Estimated Q2 total return on equity was 6.2%
Outlook
Company did not provide specific guidance or outlook for future quarters or the full year
Result Drivers
RMBS AND DERIVATIVES GAINS - Co said estimated Q2 net income included $0.18 per share of net realized and unrealized gains on RMBS and derivative instruments
Company press release: ID:nGNX2TyVZm
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $0.44 |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "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 Orchid Island Capital Inc is $7.50, about 10.1% above its July 10 closing price of $6.81
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 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.)
Recent news on Orchid Island Capital
See all newsOrchid Island Capital Inc reports results for the quarter ended September 30 - Earnings Summary
Orchid Island Capital posts Q3 loss as book value falls
Brief: Orchid Island Capital Q3 EPS USD -0.9
Orchid Island Capital Inc expected to post earnings of 27 cents a share - Earnings Preview
Brief: Orchid Island Estimates Book Value Per Share $6.02 As Of Sept 30, 2026