We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in the Cards for Ellington (EFC) in Q3 Earnings?
Read MoreHide Full Article
Ellington Financial (EFC - Free Report) is scheduled to report third-quarter 2020 results, after market close on Nov 5. The company’s revenues and earnings are expected to have witnessed year-over-year declines.
In the last reported quarter, its earnings surpassed the Zacks Consensus Estimate. Results reflected higher net interest income, partially offset by a rise in expenses.
The company has an impressive earnings surprise history. Its earnings surpassed the consensus estimate in three of the trailing four quarters while meeting in one, the beat being 27.8%, on average.
The Zacks Consensus Estimate for Ellington’s earnings of 32 cents for the to-be-reported quarter has been revised north over the past 30 days. Nevertheless, it indicates a fall of 31.9% from the year-ago reported figure.
Key Factors to Note
Ellington’s top line is anticipated to have benefited from an increase in mortgage loan originations and refinancing activities in the third quarter on account of lower mortgage rates.
However, the company’s other investments portfolio’s interest income is expected to have been affected due to relatively lower interest rates. The consensus estimate for sales of $25 million suggests a 37.4% year-over-year decline.
Moreover, as salaries and benefits costs continue to increase, overall expenses are expected to have risen in the third quarter.
Earnings Whispers
According to our quantitative model, chances of the company beating the Zacks Consensus Estimate this time around are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and Zacks Rank #3 (Hold) or better — for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Ellington is 0.00%.
Among other finance stocks, LendingTree, Inc. (TREE - Free Report) , Solar Senior Capital Ltd. and Main Street Capital Corporation (MAIN - Free Report) are also slated to release results on Nov 5.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Image: Bigstock
What's in the Cards for Ellington (EFC) in Q3 Earnings?
Ellington Financial (EFC - Free Report) is scheduled to report third-quarter 2020 results, after market close on Nov 5. The company’s revenues and earnings are expected to have witnessed year-over-year declines.
In the last reported quarter, its earnings surpassed the Zacks Consensus Estimate. Results reflected higher net interest income, partially offset by a rise in expenses.
The company has an impressive earnings surprise history. Its earnings surpassed the consensus estimate in three of the trailing four quarters while meeting in one, the beat being 27.8%, on average.
Ellington Financial LLC Price and EPS Surprise
Ellington Financial LLC price-eps-surprise | Ellington Financial LLC Quote
The Zacks Consensus Estimate for Ellington’s earnings of 32 cents for the to-be-reported quarter has been revised north over the past 30 days. Nevertheless, it indicates a fall of 31.9% from the year-ago reported figure.
Key Factors to Note
Ellington’s top line is anticipated to have benefited from an increase in mortgage loan originations and refinancing activities in the third quarter on account of lower mortgage rates.
However, the company’s other investments portfolio’s interest income is expected to have been affected due to relatively lower interest rates. The consensus estimate for sales of $25 million suggests a 37.4% year-over-year decline.
Moreover, as salaries and benefits costs continue to increase, overall expenses are expected to have risen in the third quarter.
Earnings Whispers
According to our quantitative model, chances of the company beating the Zacks Consensus Estimate this time around are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and Zacks Rank #3 (Hold) or better — for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Ellington is 0.00%.
Zacks Rank: Ellington has a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other finance stocks, LendingTree, Inc. (TREE - Free Report) , Solar Senior Capital Ltd. and Main Street Capital Corporation (MAIN - Free Report) are also slated to release results on Nov 5.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Click Here, See It Free >>