Ellington Residential Mortgage REIT (EARN) Stock Forecast, Price Target & Predictions
EARN Stock Forecast
Ellington Residential Mortgage REIT stock forecast is as follows: an average price target of $8.00 (represents a 14.61% upside from EARN’s last price of $6.98) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
EARN Price Target
The average price target for Ellington Residential Mortgage REIT (EARN) is $8.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $8.00 to $8.00. This represents a potential 14.61% upside from EARN's last price of $6.98.
EARN Analyst Ratings
According to 2 Wall Street analysts, Ellington Residential Mortgage REIT's rating consensus is 'Buy'. The analyst rating breakdown for EARN stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Ellington Residential Mortgage REIT Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 16, 2024 | Crispin Love | Piper Sandler | $8.00 | $7.09 | 12.83% | 14.61% |
The latest Ellington Residential Mortgage REIT stock forecast, released on May 16, 2024 by Crispin Love from Piper Sandler, set a price target of $8.00, which represents a 12.83% increase from the stock price at the time of the forecast ($7.09), and a 14.61% increase from EARN last price ($6.98).
Ellington Residential Mortgage REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $8.00 |
| Last Closing Price | $6.98 | $6.98 | $6.98 |
| Upside/Downside | -100.00% | -100.00% | 14.61% |
In the current month, the average price target of Ellington Residential Mortgage REIT stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ellington Residential Mortgage REIT's last price of $6.98. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 16, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Dec 19, 2022 | JonesTrading | - | Hold | Initialise |
Ellington Residential Mortgage REIT's last stock rating was published by Piper Sandler on May 16, 2024. The company gave EARN a "Overweight" rating, the same as its previous rate.
Ellington Residential Mortgage REIT Financial Forecast
Ellington Residential Mortgage REIT Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.50M | - | $2.70M | $3.64M | $12.95M | $5.19M | - | $-16.15M | $24.75M | $2.30M | $-3.00M | $1.59M | $8.79M | $9.52M | $23.08M | $-15.46M | $10.98M | $5.07M |
| Avg Forecast | $7.42M | $7.40M | $7.38M | $7.37M | $3.34M | $3.63M | $3.81M | $3.62M | $3.21M | $2.94M | $6.74M | $4.37M | $2.41M | $-626.00K | $1.86M | $3.79M | $3.55M | $3.83M | $4.85M | $5.60M | $5.79M | $5.77M | $5.31M | $5.49M | $5.86M | $5.18M | $4.12M | $4.37M | $4.18M | $3.81M |
| High Forecast | $10.65M | $10.62M | $10.60M | $10.59M | $4.80M | $5.21M | $5.47M | $5.20M | $4.61M | $4.22M | $9.68M | $6.27M | $3.47M | $-353.25K | $2.68M | $5.44M | $5.09M | $5.50M | $4.85M | $6.69M | $6.91M | $6.89M | $6.35M | $6.55M | $7.00M | $6.18M | $4.92M | $5.22M | $5.00M | $4.55M |
| Low Forecast | $4.18M | $4.17M | $4.17M | $4.16M | $1.89M | $2.05M | $2.15M | $2.05M | $1.81M | $1.66M | $3.80M | $2.46M | $1.36M | $-898.75K | $1.05M | $2.14M | $2.00M | $2.16M | $4.85M | $4.51M | $4.66M | $4.65M | $4.28M | $4.42M | $4.72M | $4.17M | $3.32M | $3.52M | $3.37M | $3.07M |
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.62% | - | 1.45% | 0.96% | 3.65% | 1.36% | - | -2.88% | 4.28% | 0.40% | -0.57% | 0.29% | 1.50% | 1.84% | 5.60% | -3.54% | 2.62% | 1.33% |
Ellington Residential Mortgage REIT's average Quarter revenue forecast for Mar 24 based on 1 analysts is $4.37M, with a low forecast of $2.46M, and a high forecast of $6.27M. EARN's average Quarter revenue forecast represents a 190.54% increase compared to the company's last Quarter revenue of $1.50M (Dec 23).
Ellington Residential Mortgage REIT EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $23.95M | - | $1.20M | $-964.00K | $19.16M | $-9.40M | - | $-16.36M | $-2.03M | $1.41M | $-3.88M | $908.00K | $8.11M | $8.94M | $23.68M | $-10.64M | $16.94M | $12.55M |
| Avg Forecast | $4.18M | $4.17M | $4.17M | $4.16M | $1.89M | $2.05M | $2.15M | $2.05M | $1.81M | $1.66M | $3.80M | $-14.77M | $1.36M | $-353.26K | $1.05M | $-15.79M | $2.00M | $1.44M | $2.74M | $-16.89M | $3.26M | $1.54M | $3.00M | $988.12K | $3.31M | $2.92M | $2.33M | $-10.24M | $2.36M | $2.15M |
| High Forecast | $6.01M | $5.99M | $5.98M | $5.97M | $2.71M | $2.94M | $3.09M | $2.94M | $2.60M | $2.38M | $5.46M | $-11.81M | $1.96M | $-199.34K | $1.51M | $-12.64M | $2.87M | $1.72M | $2.74M | $-13.51M | $3.90M | $1.84M | $3.58M | $1.19M | $3.95M | $3.49M | $2.78M | $-8.19M | $2.82M | $2.57M |
| Low Forecast | $2.36M | $2.36M | $2.35M | $2.35M | $1.06M | $1.16M | $1.21M | $1.15M | $1.02M | $936.86K | $2.15M | $-17.72M | $768.56K | $-507.18K | $593.83K | $-18.95M | $1.13M | $1.15M | $2.74M | $-20.27M | $2.63M | $1.23M | $2.42M | $790.49K | $2.66M | $2.35M | $1.88M | $-12.28M | $1.90M | $1.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 17.58% | - | 1.14% | 0.06% | 9.58% | -6.54% | - | 0.97% | -0.62% | 0.92% | -1.29% | 0.92% | 2.45% | 3.06% | 10.17% | 1.04% | 7.18% | 5.83% |
1 analysts predict EARN's average Quarter EBITDA for Mar 24 to be $-14.77M, with a high of $-11.81M and a low of $-17.72M. This is -161.66% lower than Ellington Residential Mortgage REIT's previous annual EBITDA (Dec 23) of $23.95M.
Ellington Residential Mortgage REIT Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $12.44M | - | $1.20M | $-4.07M | $11.68M | $-13.67M | - | $-17.47M | $-2.76M | $860.00K | $-4.54M | $127.00K | $7.39M | $8.12M | $21.34M | $-16.75M | $9.71M | $3.73M |
| Avg Forecast | $6.41M | $6.39M | $6.38M | $6.37M | $6.11M | $6.00M | $6.00M | $5.70M | $6.45M | $6.38M | $5.77M | $-15.76M | $4.73M | $4.88M | $4.49M | $-16.86M | $4.45M | $875.05K | $4.96M | $-18.03M | $5.23M | $935.88K | $5.27M | $138.21K | $7.61M | $5.32M | $20.49M | $-16.10M | $9.71M | $4.24M |
| High Forecast | $10.05M | $10.01M | $9.99M | $9.98M | $9.56M | $9.41M | $9.41M | $8.93M | $10.10M | $9.99M | $9.03M | $-12.61M | $7.41M | $7.65M | $7.03M | $-13.49M | $6.97M | $1.05M | $4.96M | $-14.42M | $6.55M | $1.12M | $6.60M | $165.85K | $9.13M | $6.38M | $24.59M | $-12.88M | $11.65M | $5.08M |
| Low Forecast | $2.78M | $2.77M | $2.76M | $2.76M | $2.65M | $2.60M | $2.60M | $2.47M | $2.79M | $2.77M | $2.50M | $-18.92M | $2.05M | $2.12M | $1.95M | $-20.23M | $1.93M | $700.04K | $4.96M | $-21.64M | $3.91M | $748.71K | $3.94M | $110.56K | $6.08M | $4.25M | $16.39M | $-19.32M | $7.76M | $3.39M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.63% | - | 0.27% | 0.24% | 2.63% | -15.62% | - | 0.97% | -0.53% | 0.92% | -0.86% | 0.92% | 0.97% | 1.53% | 1.04% | 1.04% | 1.00% | 0.88% |
Ellington Residential Mortgage REIT's average Quarter net income forecast for Mar 24 is $-15.76M, with a range of $-18.92M to $-12.61M. EARN's average Quarter net income forecast represents a -226.72% decrease compared to the company's last Quarter net income of $12.44M (Dec 23).
Ellington Residential Mortgage REIT SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $721.00K | $280.00K | $698.00K | $672.00K | - | $760.00K | $807.00K | $900.00K | $916.00K | $877.00K | $884.00K | $833.00K | $818.00K | $753.00K | $794.00K | $788.00K |
| Avg Forecast | $-8.62M | $-8.60M | $-8.58M | $-8.57M | $-3.89M | $-4.22M | $-4.43M | $-4.21M | $-3.73M | $-3.42M | $-7.84M | $685.84K | $-2.81M | $727.90K | $-2.17M | $733.52K | $-4.12M | $915.75K | $-5.64M | $784.51K | $-6.73M | $979.41K | $-6.18M | $954.38K | $909.26K | $545.76K | $785.28K | $724.04K | $794.00K | $895.45K |
| High Forecast | $-4.87M | $-4.85M | $-4.84M | $-4.84M | $-2.19M | $-2.38M | $-2.50M | $-2.38M | $-2.11M | $-1.93M | $-4.42M | $823.01K | $-1.58M | $1.05M | $-1.22M | $880.23K | $-2.33M | $1.10M | $-5.64M | $941.42K | $-5.42M | $1.18M | $-4.98M | $1.15M | $1.09M | $654.91K | $942.34K | $868.85K | $952.80K | $1.07M |
| Low Forecast | $-12.38M | $-12.35M | $-12.32M | $-12.31M | $-5.58M | $-6.06M | $-6.37M | $-6.05M | $-5.36M | $-4.91M | $-11.25M | $548.67K | $-4.03M | $410.75K | $-3.11M | $586.82K | $-5.92M | $732.60K | $-5.64M | $627.61K | $-8.03M | $783.53K | $-7.38M | $763.50K | $727.40K | $436.61K | $628.22K | $579.23K | $635.20K | $716.36K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.33% | 0.38% | -0.17% | 0.73% | - | 0.97% | -0.12% | 0.92% | -0.15% | 0.92% | 0.97% | 1.53% | 1.04% | 1.04% | 1.00% | 0.88% |
Ellington Residential Mortgage REIT's average Quarter SG&A projection for Sep 23 is $727.90K, based on 1 Wall Street analysts, with a range of $410.75K to $1.05M. The forecast indicates a 0.96% rise compared to EARN last annual SG&A of $721.00K (Jun 23).
Ellington Residential Mortgage REIT EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.75 | - | $0.09 | $-0.30 | $0.88 | $-1.04 | - | $-1.33 | $-0.21 | $0.07 | $-0.36 | $0.01 | $0.60 | $0.66 | $1.73 | $-1.35 | $0.78 | $0.30 |
| Avg Forecast | $0.32 | $0.31 | $0.31 | $0.31 | $0.30 | $0.29 | $0.29 | $0.28 | $0.32 | $0.31 | $0.28 | $0.25 | $0.23 | $0.24 | $0.22 | $0.24 | $0.22 | $0.23 | $0.25 | $0.31 | $0.31 | $0.33 | $0.32 | $0.33 | $0.35 | $0.29 | $0.25 | $0.26 | $0.23 | $0.21 |
| High Forecast | $0.49 | $0.49 | $0.49 | $0.49 | $0.47 | $0.46 | $0.46 | $0.44 | $0.50 | $0.49 | $0.44 | $0.39 | $0.36 | $0.38 | $0.35 | $0.38 | $0.34 | $0.35 | $0.25 | $0.38 | $0.39 | $0.42 | $0.40 | $0.41 | $0.44 | $0.36 | $0.31 | $0.32 | $0.29 | $0.27 |
| Low Forecast | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.12 | $0.14 | $0.14 | $0.12 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.25 | $0.23 | $0.23 | $0.25 | $0.24 | $0.24 | $0.26 | $0.21 | $0.19 | $0.19 | $0.18 | $0.16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 3.23% | - | 0.41% | -1.25% | 4.03% | -4.59% | - | -4.35% | -0.67% | 0.21% | -1.14% | 0.03% | 1.72% | 2.31% | 6.98% | -5.29% | 3.32% | 1.40% |
According to 1 Wall Street analysts, Ellington Residential Mortgage REIT's projected average Quarter EPS for Mar 24 is $0.25, with a low estimate of $0.11 and a high estimate of $0.39. This represents a -67.01% decrease compared to EARN previous annual EPS of $0.75 (Dec 23).
Ellington Residential Mortgage REIT Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ARI | Apollo Commercial Real Estate Finance | $9.56 | $13.50 | 41.21% | - |
| KREF | KKR Real Estate Finance Trust | $12.30 | $16.17 | 31.46% | Buy |
| RC | Ready Capital | $7.71 | $9.00 | 16.73% | Buy |
| EARN | Ellington Residential Mortgage REIT | $6.98 | $8.00 | 14.61% | Buy |
| TWO | Two Harbors Investment | $14.02 | $15.63 | 11.48% | Buy |
| EFC | Ellington Financial | $13.30 | $13.50 | 1.50% | Buy |
| ARR | ARMOUR Residential REIT | $20.76 | $11.50 | -44.61% | Hold |
EARN Forecast FAQ
Is Ellington Residential Mortgage REIT a good buy?
Yes, according to 2 Wall Street analysts, Ellington Residential Mortgage REIT (EARN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of EARN's total ratings.
What is EARN's price target?
Ellington Residential Mortgage REIT (EARN) average price target is $8 with a range of $8 to $8, implying a 14.61% from its last price of $6.98. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Ellington Residential Mortgage REIT stock go up soon?
According to Wall Street analysts' prediction for EARN stock, the company can go up by 14.61% (from the last price of $6.98 to the average price target of $8), up by 14.61% based on the highest stock price target, and up by 14.61% based on the lowest stock price target.
Can Ellington Residential Mortgage REIT stock reach $10?
EARN's average twelve months analyst stock price target of $8 does not support the claim that Ellington Residential Mortgage REIT can reach $10 in the near future.
What are Ellington Residential Mortgage REIT's analysts' financial forecasts?
Ellington Residential Mortgage REIT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $14.41M (high $20.69M, low $8.13M), average EBITDA is $8.13M (high $11.68M, low $4.59M), average net income is $23.81M (high $37.3M, low $10.33M), average SG&A $-16.759M (high $-9.457M, low $-24.061M), and average EPS is $1.17 (high $1.83, low $0.507). EARN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $29.57M (high $42.45M, low $16.69M), average EBITDA is $16.69M (high $23.96M, low $9.42M), average net income is $25.55M (high $40.02M, low $11.08M), average SG&A $-34.381M (high $-19.401M, low $-49.361M), and average EPS is $1.26 (high $1.97, low $0.544).
Did the EARN's actual financial results beat the analysts' financial forecasts?
Based on Ellington Residential Mortgage REIT's last annual report (Dec 2023), the company's revenue was $13.01M, beating the average analysts forecast of $7.44M by 74.74%. Apple's EBITDA was $49.82M, missing the average prediction of $-13.733M by -462.74%. The company's net income was $4.56M, missing the average estimation of $-2.751M by -265.72%. Apple's SG&A was $1.13M, missing the average forecast of $-3.513M by -132.22%. Lastly, the company's EPS was $0.31, missing the average prediction of $0.933 by -66.76%. In terms of the last quarterly report (Dec 2023), Ellington Residential Mortgage REIT's revenue was $1.5M, missing the average analysts' forecast of $2.41M by -37.73%. The company's EBITDA was $23.95M, beating the average prediction of $1.36M by 1658.47%. Ellington Residential Mortgage REIT's net income was $12.44M, beating the average estimation of $4.73M by 162.81%. The company's SG&A was $0, missing the average forecast of $-2.806M by -100.00%. Lastly, the company's EPS was $0.75, beating the average prediction of $0.233 by 222.53%