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

Orchid Island Capital

26/04/2024 24:15

* Orchid Island Capital Inc  ORC.N  reported a quarterly
adjusted
loss of 12 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -24 cents.  The mean expectation of
three analysts for the quarter was for a loss of 9 cents per
share. Wall Street expected results to range from -12 cents
to -6 cents per share.
    * Revenue fell 40.8% to $-2.49 million from a year ago;
analysts
expected $-3.23 million. 
    * Orchid Island Capital Inc's reported EPS for the quarter
was 38
cents​.
    * The company reported quarterly net income of $19.78
million.
    * Orchid Island Capital Inc shares had fallen by 3.4% this
quarter and gained 2.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 57.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 April 25 at
11:14 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
 Mar. 31 2024      -0.09          -0.12          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