Ellington Credit Co reports results for the quarter ended December 31 - Earnings Summary

• Ellington Credit Co EARN.N reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 26 cents to 39 cents per share.

• Revenue rose 1,529.2% to $6.14 million from a year ago; analysts expected $7.19 million.

• Ellington Credit Co's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $2.01 million.

• Ellington Credit Co shares had fallen by 7.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 11.1% 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 "hold" 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 closed end funds peer group is also "hold"

Wall Street's median 12-month price target for Ellington Credit Co is $7.25

This summary was machine generated from LSEG data March 12 at 10:29 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)