Ellington Credit Future Growth

Future criteria checks 5/6

Ellington Credit is forecast to grow earnings and revenue by 28.8% and 64.3% per annum respectively. EPS is expected to grow by 13.6% per annum. Return on equity is forecast to be 15% in 3 years.

Key information

28.8%

Earnings growth rate

13.6%

EPS growth rate

Capital Markets earnings growth	14.2%
Revenue growth rate	64.3%
Future return on equity	15.0%
Analyst coverage	Low
Last updated	19 Nov 2024

Recent future growth updates

Recent updates

Ellington Residential Mortgage REIT: This 15% Yielding Mortgage Trust Could Outperform (Upgrade)

Sep 26

Ellington Residential Mortgage REIT declares $0.08 dividend

Feb 07

Ellington Residential Mortgage REIT declares $0.08 dividend

Jan 09

Ellington Residential: Wait For A Drop Before Buying This 14% Yield

Jan 03

Ellington Residential Mortgage REIT declares $0.08 dividend

Dec 07

Ellington Residential Mortgage REIT Non-GAAP EPS of $0.23 misses by $0.01, TII of $5.19M beats by $0.69M

Nov 09

Ellington Residential Mortgage REIT declares $0.08 dividend

Oct 06

Earnings and Revenue Growth Forecasts

NYSE:EARN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	42	35	N/A	N/A	2
12/31/2025	40	29	N/A	N/A	2
12/31/2024	27	17	N/A	N/A	2
9/30/2024	-16	21	2	2	N/A
6/30/2024	18	4	-4	-4	N/A
3/31/2024	25	6	-9	-9	N/A
12/31/2023	0	5	-10	-10	N/A
9/30/2023	30	4	-4	-4	N/A
6/30/2023	44	2	4	4	N/A
3/31/2023	52	-10	13	13	N/A
12/31/2022	85	-30	22	22	N/A
9/30/2022	89	-45	24	24	N/A
6/30/2022	60	-30	27	27	N/A
3/31/2022	40	-24	28	28	N/A
12/31/2021	29	-6	28	28	N/A
9/30/2021	28	4	29	29	N/A
6/30/2021	30	11	30	30	N/A
3/31/2021	26	37	25	25	N/A
12/31/2020	0	20	24	24	N/A
9/30/2020	1	22	21	21	N/A
6/30/2020	-12	18	18	18	N/A
3/31/2020	-23	-3	18	18	N/A
12/31/2019	-13	22	18	18	N/A
9/30/2019	-28	2	20	20	N/A
6/30/2019	-13	0	23	23	N/A
3/31/2019	8	2	25	25	N/A
12/31/2018	26	-11	29	29	N/A
9/30/2018	45	0	31	31	N/A
6/30/2018	43	5	N/A	19	N/A
3/31/2018	36	5	N/A	12	N/A
12/31/2017	31	11	N/A	34	N/A
9/30/2017	37	12	N/A	19	N/A
6/30/2017	36	12	N/A	29	N/A
3/31/2017	32	14	N/A	40	N/A
12/31/2016	15	12	N/A	20	N/A
9/30/2016	11	11	N/A	42	N/A
6/30/2016	-1	-1	N/A	33	N/A
3/31/2016	16	-4	N/A	34	N/A
12/31/2015	21	0	N/A	25	N/A
9/30/2015	3	-2	N/A	20	N/A
6/30/2015	18	6	N/A	25	N/A
3/31/2015	-1	17	N/A	16	N/A
12/31/2014	-1	16	N/A	21	N/A
9/30/2014	22	17	N/A	18	N/A
6/30/2014	21	20	N/A	49	N/A
3/31/2014	54	0	N/A	32	N/A
12/31/2013	56	-2	N/A	26	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EARN's forecast earnings growth (28.8% per year) is above the savings rate (2.6%).

Earnings vs Market: EARN's earnings (28.8% per year) are forecast to grow faster than the US market (15.4% per year).

High Growth Earnings: EARN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EARN's revenue (64.3% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: EARN's revenue (64.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EARN's Return on Equity is forecast to be low in 3 years time (15%).

Ellington Credit Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus revenue estimates decrease by 28%

Consensus revenue estimates increase by 32%

Consensus EPS estimates increase by 21%

Consensus revenue estimates decrease by 40%

Consensus EPS estimates increase by 12%

Consensus revenue estimates decrease by 31%, EPS upgraded

Recent updates

Consensus revenue estimates decrease by 28%

New minor risk - Profit margin trend

Ellington Credit Declares Monthly Common Dividend, Payable on December 26, 2024

Ellington Credit Company to Report Q3, 2024 Results on Nov 12, 2024

Upcoming dividend of US$0.08 per share

Dividend of US$0.08 announced

Consensus revenue estimates increase by 32%

Ellington Credit Company Declares Monthly Common Dividend, Payable on November 25, 2024

Upcoming dividend of US$0.08 per share

Ellington Credit: Interest Rate Cuts Could Help The REIT

Dividend of US$0.08 announced

Ellington Credit Company Declares Monthly Dividend, Payable on October 25, 2024

Upcoming dividend of US$0.08 per share

Ellington Credit Company, Annual General Meeting, Sep 26, 2024

New major risk - Shareholder dilution

New minor risk - Profit margin trend

Dividend of US$0.08 announced

Ellington Credit Company Declares Monthly Common Dividend, Payable on September 25, 2024

Ellington Credit Company to Report Q2, 2024 Results on Aug 12, 2024

Upcoming dividend of US$0.08 per share

Dividend of US$0.08 announced

Consensus EPS estimates increase by 21%

Ellington Credit Company Declares Monthly Common Dividend, Payable on August 26, 2024

Ellington Credit: 14% Yield, Major Strategic Change, 4% BV Discount

Dividend of US$0.08 announced

Ellington Credit Company Declares Monthly Common Dividend, Payable on July 25, 2024

Upcoming dividend of US$0.08 per share

Consensus revenue estimates decrease by 40%

Dividend of US$0.08 announced

Ellington Credit Company Declares Monthly Common Dividend, Payable on June 25, 2024

Ellington Credit Company to Report Q1, 2024 Results on May 14, 2024

Upcoming dividend of US$0.08 per share

EARN: Transforming From A 14% Yielding REIT To A CLO CEF

Consensus EPS estimates increase by 12%

Dividend of US$0.08 announced

Ellington Residential Declares Monthly Common Dividend, Payable on May 28, 2024

Insufficient new directors

Ellington Residential's 14% Yield Could Be Sustainable In 2024

Upcoming dividend of US$0.08 per share

Consensus revenue estimates decrease by 31%, EPS upgraded

Dividend of US$0.08 announced

Ellington Residential Mortgage REIT Declares a Monthly Common Dividend, Payable on April 25, 2024

Upcoming dividend of US$0.08 per share

Ellington Residential Mortgage REIT to Report Q4, 2023 Results on Mar 06, 2024

Dividend of US$0.08 announced

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on March 25, 2024

Consensus EPS estimates increase by 21%

Upcoming dividend of US$0.08 per share at 16% yield

Consensus EPS estimates increase by 21%

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on February 26, 2024

Upcoming dividend of US$0.08 per share at 15% yield

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on January 25, 2024

Upcoming dividend of US$0.08 per share at 16% yield

Ellington Residential Mortgage REIT has filed a Follow-on Equity Offering in the amount of $100 million.

Ellington Residential Mortgage REIT Declares a Monthly Common Dividend, Payable on December 26, 2023

Ellington Residential Mortgage REIT to Report Q3, 2023 Results on Nov 13, 2023

Upcoming dividend of US$0.08 per share at 18% yield

Price target decreased by 18% to US$7.00

Ellington Residential Mortgage REIT: This 15% Yielding Mortgage Trust Could Outperform (Upgrade)

Upcoming dividend of US$0.08 per share at 15% yield

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on October 25, 2023

Upcoming dividend of US$0.08 per share at 15% yield

Ellington Residential Mortgage Reit Declares Monthly Common Dividend, Payable on September 25, 2023

Ellington Residential Mortgage REIT to Report Q2, 2023 Results on Aug 10, 2023

Upcoming dividend of US$0.08 per share at 13% yield

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on August 25, 2023

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on August 25, 2023

Upcoming dividend of US$0.08 per share at 13% yield

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on July 25, 2023