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Ellington Credit Q1 2024 Earnings Report

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$6.52 -0.02 (-0.23%)
As of 02/21/2025 03:59 PM Eastern
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Ellington Credit EPS Results

Actual EPS
$0.27
Consensus EPS
$0.24
Beat/Miss
Beat by +$0.03
One Year Ago EPS
$0.21

Ellington Credit Revenue Results

Actual Revenue
$0.28 million
Expected Revenue
$4.02 million
Beat/Miss
Missed by -$3.74 million
YoY Revenue Growth
N/A

Ellington Credit Announcement Details

Quarter
Q1 2024
Time
After Market Closes

Conference Call Resources

Ellington Credit Earnings Headlines

The FED is losing the war on inflation
It's no longer just a “guesstimate” – Inflation is indeed getting worse. And although we want to believe the Fed has a good grip on it, they don't. Right now, the suits over there are caught between a rock and a hard place. Either they watch as inflation grows, or they tear it down and send us into a full-blown recession. The kicker here is that neither of these are good for you. Whichever pill we end up with, prices will still climb higher as the value of the dollar sinks lower. The only real way out for the regular person is to increase your earning power. By increasing your income to match prices as they flare up… You’ll stay ahead of the impending doom we're running face-first into. And if you're looking for a strategy to help increase your income in 2025… I've got just the thing for you! You see, last year, I was able to grow a $10k model account to a little over $63k with 100 trade alerts But I changed my trading rules and more than doubled my results on those 100 published trades. I'm now calling them Warped Options…
Ellington Credit Declares Monthly Common Dividend
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About Ellington Credit

Ellington Credit (NYSE:EARN) Company, a real estate investment trust, acquires, invests in, and manages 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, such as non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was formerly known as Ellington Residential Mortgage REIT and changed its name to Ellington Credit Company in April 2024. Ellington Credit Company was incorporated in 2012 and is based in Old Greenwich, Connecticut.

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