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Ellington Residential Mortgage (EARN)
NYSE:EARN
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.22Last Year’s EPS
0.36Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 20, 2025
|% Change Since: -0.18%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted successful strategic moves, such as the conversion to a closed-end fund and CLO portfolio expansion. However, these were tempered by the net loss incurred due to market volatility and widening credit spreads in the CLO market. The company experienced operational success and positive outperformance in its agency mortgage strategy, but financial metrics reflected a challenging quarter.Company Guidance
During the Ellington Credit Company First Quarter 2025 Financial Results Conference Call, the company reported a significant transition to a registered closed-end fund as of April 1st, 2025. This strategic conversion enabled the company to liquidate agency mortgage pools and cover TBA short positions with minimal impact, estimated at a $0.01 per share effect on net asset value. In preparation for the conversion, the company expanded its CLO portfolio by 46% to $250 million. Despite experiencing a net loss of $0.23 per share in calendar Q1, the adjusted distributable earnings were $0.26 per share, with a net interest margin increase of 20 basis points to 5.27%. The book value per share at the end of March 2025 was $6.08, with an economic return of negative 3.2%. The company's CLO portfolio saw a 46% increase by March 31st, with CLO equity comprising 66% of the total CLO holdings. As they moved into fiscal Q2, the company successfully deployed additional capital into CLO investments and maintained high levels of liquidity, with $59 million in cash and cash equivalents as of April 30th, allowing for further strategic investments amid market volatility.Successful Conversion to Closed-End Fund
On April 1st, Ellington Credit Company completed its conversion to a registered closed-end fund, effectively selling remaining agency mortgage pools with minimal impact on net asset value.
CLO Portfolio Expansion
The company increased its CLO portfolio by 46% to $250 million during calendar Q1 and further expanded to $284 million by early May.
Agency Mortgage Strategy Outperformance
The agency mortgage strategy generated positive portfolio income of about $2.55 million for 2025, outperforming the Bloomberg US Agency MBS Index.
Net Interest Margin Increase
The overall net interest margin increased by 20 basis points to 5.27%, supported by the growing capital allocation to CLOs.
EARN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EARN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 20, 2025 | $5.59 | $5.47 | -2.15% |
Mar 12, 2025 | $5.94 | $5.74 | -3.37% |
Nov 13, 2024 | $6.01 | $5.90 | -1.83% |
Aug 12, 2024 | $6.01 | $6.25 | +3.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ellington Residential Mortgage (EARN) report earnings?
Ellington Residential Mortgage (EARN) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Ellington Residential Mortgage (EARN) earnings time?
Ellington Residential Mortgage (EARN) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EARN EPS forecast?
EARN EPS forecast for the fiscal quarter 2025 (Q2) is 0.22.