Ellington Credit Future Growth
Future criteria checks 5/6
Ellington Credit is forecast to grow earnings and revenue by 30.2% and 64.3% per annum respectively. EPS is expected to grow by 16.8% per annum. Return on equity is forecast to be 14.8% in 3 years.
Key information
30.2%
Earnings growth rate
16.8%
EPS growth rate
| Capital Markets earnings growth | 13.2% |
| Revenue growth rate | 64.3% |
| Future return on equity | 14.8% |
| Analyst coverage | Low |
| Last updated | 18 Dec 2024 |
Recent future growth updates
Recent updates
Ellington Credit: High Yield Is Not A Red Flag
Dec 23Ellington Credit: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)
Dec 11Ellington Credit: Interest Rate Cuts Could Help The REIT
Sep 25Ellington Credit: 14% Yield, Major Strategic Change, 4% BV Discount
Jul 04EARN: Transforming From A 14% Yielding REIT To A CLO CEF
Apr 18Ellington Residential's 14% Yield Could Be Sustainable In 2024
Mar 23Ellington Residential Mortgage REIT: This 15% Yielding Mortgage Trust Could Outperform (Upgrade)
Sep 26Ellington Residential Mortgage REIT declares $0.08 dividend
Feb 07Ellington Residential Mortgage REIT declares $0.08 dividend
Jan 09Ellington Residential: Wait For A Drop Before Buying This 14% Yield
Jan 03Ellington Residential Mortgage REIT declares $0.08 dividend
Dec 07Earnings and Revenue Growth Forecasts
| 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 | 31 | 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 (30.2% per year) is above the savings rate (2.6%).
Earnings vs Market: EARN's earnings (30.2% per year) are forecast to grow faster than the US market (15.3% 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 (9.2% 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 (14.8%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 13:44 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ellington Credit Company is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Hagen | BTIG |
| Douglas Harter | Credit Suisse |
| Stephen Laws | Deutsche Bank |