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

Orchid Island Capital

25/07/2024 22:02

* Orchid Island Capital Inc  ORC.N  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -34 cents.  The mean expectation of
four analysts for the quarter was for a loss of 7 cents per
share. Wall Street expected results to range from -16 cents to 4
cents per share.
    * Revenue fell 92% to $-697.00 thousand from a year ago;
analysts
expected $-2.95 million. 
    * Orchid Island Capital Inc's reported EPS for the quarter
was a
loss of 9 cents​.
    * The company reported a quarterly loss of $4.98 million.
    * Orchid Island Capital Inc shares had fallen by 0.5% this
quarter and lost 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 25% 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 July 25 at
09:01 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
 Jun. 30 2024      -0.07          -0.08          Missed
 Mar. 31 2024      -0.09          -0.12          Missed
 Dec. 31 2023      -0.25          1.16           Beat
 Sep. 30 2023      -0.22          -0.28          Missed