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

Orchid Island Capital

01/02/2024 22:54

* Orchid Island Capital Inc  ORC.N  reported quarterly
adjusted
earnings of $1.16​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -9 cents.  The mean expectation of
three analysts for the quarter was for a loss of 25 cents per
share. Wall Street expected results to range from -27 cents
to -22 cents per share.
    * Revenue rose 216.8% to $-2.79 million from a year ago;
analysts
expected $-10.28 million. 
    * Orchid Island Capital Inc's reported EPS for the quarter
was 52
cents​.
    * The company reported quarterly net income of $27.13
million.
    * Orchid Island Capital Inc shares had fallen by 5.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

This summary was machine generated from LSEG data February 1 at
10:54 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 2023      -0.25          1.16           Beat
 Sep. 30 2023      -0.22          -0.28          Missed
 Jun. 30 2023      -0.01          -0.34          Missed
 Mar. 31 2023      0.35           -0.24          Missed