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

Orchid Island Capital

28/10/2022 01:02

* Orchid Island Capital Inc  ORC.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 65 cents per share.
    * Revenue fell 56.3% to $14.25 million from a year ago;
analysts
expected $26.26 million. 
    * Orchid Island Capital Inc's reported EPS for the quarter
was a
loss of $2.40​.
    * The mean earnings estimate of analysts had fallen by
about 2.5%
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 risen by 23.2% this
quarter and lost 55.1% so far this year.
    * The company reported a quarterly loss of $84.51 million.
    * Wall Street's median 12-month price target for Orchid
Island
Capital Inc is $21.25 
    * 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 Refinitiv data October
28 at 12:02 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.65           0.26           Missed
 Jun. 30 2022      0.73           0.60           Missed
 Mar. 31 2022      0.93           0.95           Beat
 Dec. 31 2021      1.13           1.15           Beat