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

Orchid Island Capital

26/10/2023 22:02

* Orchid Island Capital Inc  ORC.N  reported a quarterly
adjusted
loss of $3.08​​ per share for the quarter ended in September.
The mean expectation of three analysts for the quarter was for a
loss of 22 cents per share.
    * Revenue rose 160.3% to $-8.60 million from a year ago;
analysts
expected $-7.62 million. 
    * Orchid Island Capital Inc's reported EPS for the quarter
was a
loss of $1.68​.
    * The mean earnings estimate of analysts had fallen by
about 850%
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 28.1% this
quarter and lost 41.7% so far this year.
    * The company reported a quarterly loss of $80.13 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
October 26 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.22          -3.08          Missed
 Jun. 30 2023      -0.01          -0.34          Missed
 Mar. 31 2023      0.35           -0.24          Missed
 Dec. 31 2022      0.30           -0.09          Missed