Ellington Residential Mortgage REIT (NYSE:EARN) is set to announce second quarter earning results on Tuesday 4th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, EARN to report 2Q20 income of $ 0.25 per share.
For the full year, analysts anticipate top line of $ 17.07 million, while looking forward to income of $ 1.03 per share bottom line.
Previous Quarter Performance
Ellington Residential Mortgage REIT outlined income for the first quarter of $ 0.27 per share, from the revenue of $ 3.78 million. The quarterly revenues shrunk 19.23 percent compared with the same quarter last year. Street analysts expected Ellington Residential Mortgage REIT to report income of $ 0.25 per share on revenue of $ 4.37 million for the first quarter. The bottom line results beat street analysts by $ 0.02 or 8.00 percent, at the same time, top line results fell short of analysts by $ 0.59 million or 13.5 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Ellington Residential Mortgage REIT
Stock Performance
According to the previous trading day, closing price of EARN was $ 11.09, representing a 310.74 % increase from the 52 week low of $ 2.70 and a 6.65 % decrease over the 52 week high of $ 11.88.
The company has a market capital of $ 136.62 million and is part of the Real Estate sector and REIT – Residential industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”EARN” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust.
