Ellington Financial Inc reports results for the quarter ended March 31 - Earnings Summary
Ellington Financial Increported adjusted earnings of 39 cents per share for the quarter ended March 31, up from 28 cents a year ago, meeting analyst expectations. Revenue increased by 39.3% to $43.26 million, surpassing the expected $40.25 million. The company’s reported EPS was 35 cents, with a net income of $31.65 million. Despite a 3.8% drop in shares this quarter, the average analyst rating remains "buy" with a 12-month price target of $14.75.
Ellington Financial Inc (EFC.N) reported quarterly adjusted earnings of 39 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of eight analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 35 cents to 44 cents per share.
Revenue rose 39.3% to $43.26 million from a year ago; analysts expected $40.25 million.
Ellington Financial Inc’s reported EPS for the quarter was 35 cents.
The company reported quarterly net income of $31.65 million.
Ellington Financial Inc shares had fallen by 3.8% this quarter and gained 5.2% so far this year. FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. RECOMMENDATIONS
The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 6 “strong buy” or “buy,” 2 “hold” and no “sell” or “strong sell.” The average consensus recommendation for the specialized reits peer group is also “buy”
Wall Street’s median 12-month price target for Ellington Financial Inc is $14.75 This summary was machine generated from LSEG data May 7 at 11:38 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 2025 0.39 0.39 Met
Dec. 31 2024 0.38 0.45 Beat
Sep. 30 2024 0.36 0.40 Beat
Jun. 30 2024 0.35 0.33 Missed
