Orchid Island Capital Inc reports results for the quarter ended December 31 - Earnings Summary

• Orchid Island Capital Inc ORC.N reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.16. The mean expectation of four analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -8 cents to 6 cents per share.

• Revenue rose 392.3% to $8.14 million from a year ago; analysts expected $2.81 million.

• Orchid Island Capital Inc's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of $5.55 million.

• Orchid Island Capital Inc shares had risen by 1.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 90.5% 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 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 January 30 at 10:01 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)