Orchid Island Capital Inc reports results for the quarter ended in September 30 - Earnings Summary

Orchid Island Capital

27/10/2024 15:41

* Orchid Island Capital Inc  ORC.N  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -28 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 -8 cents to -6
cents per share.
    * Revenue rose 104% to $340.00 thousand from a year ago;
analysts
expected $-1.40 million. 
    * Orchid Island Capital Inc's reported EPS for the quarter
was 24
cents​.
    * The company reported quarterly net income of $17.32
million.
    * Orchid Island Capital Inc shares had fallen by 4.1% this
quarter and lost 6.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 October 27 at
03:41 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
 Sep. 30 2024      -0.07          -0.05          Beat
 Jun. 30 2024      -0.07          -0.08          Missed
 Mar. 31 2024      -0.09          -0.12          Missed
 Dec. 31 2023      -0.25          1.16           Beat