Orchid Island Capital Inc reports results for the quarter ended December 31 - Earnings Summary

Orchid Island Capital

30/01/2025 22:01

* Orchid Island Capital Inc  ORC.N  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of $1.16.  The mean expectation of four analysts
for the quarter was for breakeven results per share. Wall Street
expected results to range from -8 cents to 6 cents per share.
    * Revenue rose 392.3% to $8.14 million from a year ago;
analysts
expected $2.81 million. 
    * Orchid Island Capital Inc's reported EPS for the quarter
was 7
cents​.
    * The company reported quarterly net income of $5.55
million.
    * Orchid Island Capital Inc shares had risen by 1.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 90.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is  "hold."

Wall Street's median 12-month price target for Orchid Island
Capital Inc is $9.50 
This summary was machine generated from LSEG data January 30 at
10:01 p.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
 Dec. 31 2024      0.00           0.05           Beat
 Sep. 30 2024      -0.07          -0.05          Beat
 Jun. 30 2024      -0.07          -0.08          Missed
 Mar. 31 2024      -0.09          -0.12          Missed