Ellington Financial Q3 adjusted EPS beats estimates

Reuters

Nov 06

Ellington Financial Q3 adjusted EPS beats estimates

Overview

Ellington Financial Q3 adjusted EPS of $0.53 beats analyst expectations
Adjusted distributable earnings for Q3 beat estimates, driven by strong securitization activity
Company increased long-term financing with $400 mln senior unsecured notes

Outlook

Company plans to increase proportion of unsecured borrowings over time
Ellington Financial aims to maintain conservative leverage and strong dividend coverage
Company working on inaugural securitization of residential transition loans

Result Drivers

SECURITIZATION ACTIVITY - Strong securitization activity contributed to robust quarterly results, according to CEO Laurence Penn
LONG-TERM FINANCING - Co significantly increased long-term, non-mark-to-market financing through securitizations and senior unsecured notes
LONGBRIDGE GROWTH - Longbridge segment saw a 37% increase in portfolio driven by record reverse mortgage loan originations

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Adjusted EPS	Beat	$0.53	$0.44 (6 Analysts)
Q3 EPS		$0.29
Q3 Adjusted Net Income	Beat	$54.20 mln	$42.50 mln (5 Analysts)
Q3 Net Income		$29.50 mln
Q3 Net Interest Margin		3.65%

Press Release: ID:nBw8xwDjwa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4110","symbol_name":"抵押房地产投资信托","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251105:nL1N3WH1PM:1","article_id":"2581836620","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581836620","pubTimestamp":1762381244,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ellington Financial Q3 adjusted EPS beats estimatesOverviewEllington Financial Q3 adjusted EPS of $0.53 beats analyst expectationsAdjusted distributable earnings for Q3 beat estimates, driven by stron","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4110":"抵押房地产投资信托","EFC":"Ellington投资"},"translate_title":"艾灵顿金融第三季度调整后每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EFC":0.9},"content_text":"Ellington Financial Q3 adjusted EPS beats estimatesOverviewEllington Financial Q3 adjusted EPS of $0.53 beats analyst expectationsAdjusted distributable earnings for Q3 beat estimates, driven by strong securitization activityCompany increased long-term financing with $400 mln senior unsecured notesOutlookCompany plans to increase proportion of unsecured borrowings over timeEllington Financial aims to maintain conservative leverage and strong dividend coverageCompany working on inaugural securitization of residential transition loansResult DriversSECURITIZATION ACTIVITY - Strong securitization activity contributed to robust quarterly results, according to CEO Laurence PennLONG-TERM FINANCING - Co significantly increased long-term, non-mark-to-market financing through securitizations and senior unsecured notesLONGBRIDGE GROWTH - Longbridge segment saw a 37% increase in portfolio driven by record reverse mortgage loan originationsKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Adjusted EPSBeat$0.53$0.44 (6 Analysts)Q3 EPS$0.29Q3 Adjusted Net IncomeBeat$54.20 mln$42.50 mln (5 Analysts)Q3 Net Income$29.50 mlnQ3 Net Interest Margin3.65%Press Release: ID:nBw8xwDjwaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}