* Orchid Island Capital Inc 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
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