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

Orchid Island Capital

28/04/2023 08:19

* Orchid Island Capital Inc  ORC.N  reported a quarterly
adjusted
loss of 24 cents​​ per share for the quarter ended in March. The
mean expectation of two analysts for the quarter was
for earnings of 35 cents per share.
    * Revenue rose 110.7% to $-4.20 million from a year ago;
analysts
expected $14.97 million. 
    * Orchid Island Capital Inc's reported EPS for the quarter
was 9
cents​.
    * The mean earnings estimate of analysts had risen by
about 9.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Orchid Island Capital Inc shares had fallen by 0.6% this
quarter and gained 1.6% so far this year.
    * The company reported quarterly net income of $3.53
million.
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 28 at 07:19 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.35           -0.24          Missed
 Dec. 31 2022      0.30           -0.09          Missed
 Sep. 30 2022      0.65           0.26           Missed
 Jun. 30 2022      0.73           0.60           Missed