Alert: New Earnings Report (11/7/23)-Ellington Financial Inc (NYSE: EFC).


Ellington Financial Inc (NYSE: EFC) has reported E.P.S. of $0.10 for its third fiscal quarter (ending September 30) versus $-0.55 for the same period a year ago. Relative to the consensus estimate of $0.43, this was a shortfall of $-0.33. For the latest four quarters through September 30, E.P.S. were $1.09 compared to $-1.21 a year ago.


Recent Price Action

Ellington Financial Inc (NYSE: EFC) stock closed at $12.72 on 11/7/23 after a slight gain of 0.2%. The stock has risen 7.6% during the last week and has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, EFC is expected to continue to be an important Value Builder.

Ellington Financial has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ellington Financial has a slightly positive Appreciation Score of 68 and a good Power Rating of 74, with the Positive Value Trend Rating the result.

Rating Review

In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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