Mortgage investment firm Ellington Financial (NYSE:EFC) will be reporting earnings this Thursday after market hours. Here’s what to expect.
Ellington Financial beat analysts’ revenue expectations by 20.7% last quarter, reporting revenues of $82.91 million, up 9.8% year on year. It was a strong quarter for the company, with a decent beat of analysts’ tangible book value per share estimates.
Is Ellington Financial a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Ellington Financial’s revenue to decline 9% year on year to $82.96 million, a reversal from the 53.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.40 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ellington Financial has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Ellington Financial’s peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Rocket Companies delivered year-on-year revenue growth of 10.8%, beating analysts’ expectations by 5.8%, and PennyMac Financial Services reported a revenue decline of 7.1%, falling short of estimates by 19.8%. Rocket Companies traded up 11.9% following the results while PennyMac Financial Services was down 7.5%.
Read our full analysis of Rocket Companies’s results here and PennyMac Financial Services’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the thrifts & mortgage finance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.4% on average over the last month. Ellington Financial’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $14.29 (compared to the current share price of $12.90).
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