Ellington Financial Inc reports results for the quarter ended in September 30 - Earnings Summary

• Ellington Financial Inc EFC.N reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of eight analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 33 cents to 44 cents per share.

• Revenue rose 22.2% to $33.63 million from a year ago; analysts expected $38.11 million.

• Ellington Financial Inc's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of $16.18 million.

• Ellington Financial Inc shares had fallen by 7.3% this quarter and lost 6.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.5% 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 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 14.00

This summary was machine generated from LSEG data November 7 at 04:56 a.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)