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 23.84% upside from EARN’s last price of $6.46) 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 23.84% upside from EARN's last price of $6.46.
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% | 23.84% |
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 23.84% increase from EARN last price ($6.46).
Ellington Residential Mortgage REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $8.00 |
| Last Closing Price | $6.46 | $6.46 | $6.46 |
| Upside/Downside | -100.00% | -100.00% | 23.84% |
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 $6.46. 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 |
|---|---|---|---|---|
| Nov 18, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| 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 Nov 18, 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 | Jun 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 | $-9.43M | $-16.15M | $24.75M | $2.30M | $-3.00M | $1.59M | $8.79M | $9.52M | $23.08M | $-15.46M | $10.98M | $5.07M |
| Avg Forecast | $10.01M | $10.04M | $10.08M | $10.11M | $7.65M | $7.59M | $7.52M | $7.33M | $7.34M | $5.56M | $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 | $10.14M | $10.17M | $10.21M | $10.24M | $7.75M | $7.69M | $7.62M | $7.43M | $7.44M | $5.64M | $6.74M | $4.37M | $2.45M | $-617.78K | $1.89M | $3.84M | $3.59M | $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 |
| Low Forecast | $9.87M | $9.91M | $9.95M | $9.98M | $7.55M | $7.49M | $7.42M | $7.24M | $7.25M | $5.49M | $6.74M | $4.37M | $2.38M | $-634.22K | $1.84M | $3.74M | $3.50M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 8 | 8 | 9 | 12 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.62% | - | 1.45% | 0.96% | 3.65% | 1.36% | -1.95% | -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 $4.37M, and a high forecast of $4.37M. 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 | Jun 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 8 | 8 | 9 | 12 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $23.95M | - | $1.20M | $-964.00K | $19.16M | $-9.40M | $-8.77M | $-16.36M | $-2.03M | $1.41M | $-3.88M | $908.00K | $8.11M | $8.94M | $23.68M | $-10.64M | $16.94M | $12.55M |
| Avg Forecast | $-1.08M | $-1.09M | $-1.09M | $-1.09M | $-827.63K | $-821.07K | $-813.31K | $-793.16K | $-794.06K | $-601.70K | $-728.86K | $-14.77M | $-261.00K | $67.69K | $-201.66K | $-15.79M | $-383.39K | $2.16M | $2.74M | $-16.89M | $3.26M | $3.26M | $3.00M | $988.12K | $3.31M | $2.92M | $2.33M | $-10.24M | $2.36M | $2.15M |
| High Forecast | $-1.07M | $-1.07M | $-1.08M | $-1.08M | $-816.77K | $-810.29K | $-802.64K | $-782.75K | $-783.64K | $-593.80K | $-728.86K | $-11.81M | $-257.57K | $68.58K | $-199.01K | $-12.64M | $-378.35K | $2.16M | $2.74M | $-13.51M | $3.26M | $3.26M | $3.00M | $1.19M | $3.31M | $2.92M | $2.33M | $-8.19M | $2.36M | $2.15M |
| Low Forecast | $-1.10M | $-1.10M | $-1.10M | $-1.11M | $-838.50K | $-831.85K | $-823.99K | $-803.57K | $-804.49K | $-609.60K | $-728.86K | $-17.72M | $-264.42K | $66.81K | $-204.30K | $-18.95M | $-388.42K | $2.16M | $2.74M | $-20.27M | $3.26M | $3.26M | $3.00M | $790.49K | $3.31M | $2.92M | $2.33M | $-12.28M | $2.36M | $2.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -91.76% | - | -5.97% | 0.06% | -49.97% | -4.35% | -3.20% | 0.97% | -0.62% | 0.43% | -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 | Jun 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 8 | 8 | 9 | 12 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $12.44M | - | $1.20M | $-4.07M | $11.68M | $-13.67M | $-10.74M | $-17.47M | $-2.76M | $860.00K | $-4.54M | $127.00K | $7.39M | $8.12M | $21.34M | $-16.75M | $9.71M | $3.73M |
| Avg Forecast | $7.49M | $7.55M | $7.44M | $7.58M | $7.45M | $7.38M | $7.21M | $7.07M | $7.66M | $7.89M | $7.25M | $-15.76M | $5.95M | $6.14M | $5.64M | $-16.86M | $8.37M | $4.61M | $5.17M | $-18.03M | $6.39M | $6.78M | $6.44M | $138.21K | $7.08M | $5.81M | $5.05M | $-16.10M | $4.78M | $4.38M |
| High Forecast | $7.62M | $7.68M | $7.57M | $7.71M | $7.58M | $7.50M | $7.33M | $7.19M | $7.79M | $8.08M | $7.26M | $-12.61M | $6.05M | $6.25M | $5.74M | $-13.49M | $10.04M | $4.61M | $5.17M | $-14.42M | $6.39M | $6.78M | $6.44M | $165.85K | $7.08M | $5.81M | $5.05M | $-12.88M | $4.78M | $4.38M |
| Low Forecast | $7.36M | $7.42M | $7.32M | $7.46M | $7.33M | $7.25M | $7.09M | $6.95M | $7.53M | $7.69M | $7.25M | $-18.92M | $5.85M | $6.04M | $5.55M | $-20.23M | $6.69M | $4.61M | $5.17M | $-21.64M | $6.39M | $6.78M | $6.44M | $110.56K | $7.08M | $5.81M | $5.05M | $-19.32M | $4.78M | $4.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.09% | - | 0.21% | 0.24% | 1.40% | -2.96% | -2.08% | 0.97% | -0.43% | 0.13% | -0.70% | 0.92% | 1.04% | 1.40% | 4.23% | 1.04% | 2.03% | 0.85% |
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 | Jun 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 8 | 8 | 9 | 12 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $721.00K | $280.00K | $698.00K | $672.00K | $739.00K | $760.00K | $807.00K | $900.00K | $916.00K | $877.00K | $884.00K | $833.00K | $818.00K | $753.00K | $794.00K | $788.00K |
| Avg Forecast | $-14.80M | $-14.85M | $-14.91M | $-14.95M | $-11.32M | $-11.23M | $-11.13M | $-10.85M | $-10.86M | $-8.23M | $-9.97M | $685.84K | $-3.57M | $926.11K | $-2.76M | $733.52K | $1.00M | $-4.45M | $-5.64M | $784.51K | $-6.73M | $-6.71M | $-6.18M | $954.38K | $-6.81M | $-6.02M | $-4.80M | $724.04K | $-4.87M | $-4.43M |
| High Forecast | $-14.61M | $-14.65M | $-14.71M | $-14.76M | $-11.17M | $-11.09M | $-10.98M | $-10.71M | $-10.72M | $-8.12M | $-9.97M | $823.01K | $-3.52M | $938.26K | $-2.72M | $880.23K | $1.20M | $-4.45M | $-5.64M | $941.42K | $-6.73M | $-6.71M | $-6.18M | $1.15M | $-6.81M | $-6.02M | $-4.80M | $868.85K | $-4.87M | $-4.43M |
| Low Forecast | $-15.00M | $-15.04M | $-15.11M | $-15.15M | $-11.47M | $-11.38M | $-11.27M | $-10.99M | $-11.01M | $-8.34M | $-9.97M | $548.67K | $-3.62M | $913.95K | $-2.79M | $586.82K | $800.14K | $-4.45M | $-5.64M | $627.61K | $-6.73M | $-6.71M | $-6.18M | $763.50K | $-6.81M | $-6.02M | $-4.80M | $579.23K | $-4.87M | $-4.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.26% | 0.38% | 0.70% | -0.15% | -0.13% | 0.97% | -0.12% | -0.13% | -0.15% | 0.92% | -0.13% | -0.14% | -0.17% | 1.04% | -0.16% | -0.18% |
Ellington Residential Mortgage REIT's average Quarter SG&A projection for Sep 23 is $926.11K, based on 1 Wall Street analysts, with a range of $913.95K to $938.26K. The forecast indicates a 28.45% 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 | Jun 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 8 | 8 | 9 | 12 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.75 | - | $0.09 | $-0.30 | $0.88 | $-1.04 | $-0.82 | $-1.33 | $-0.21 | $0.07 | $-0.36 | $0.01 | $0.60 | $0.66 | $1.73 | $-1.35 | $0.78 | $0.30 |
| Avg Forecast | $0.29 | $0.30 | $0.29 | $0.30 | $0.29 | $0.29 | $0.28 | $0.28 | $0.30 | $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 | $0.30 | $0.30 | $0.30 | $0.30 | $0.30 | $0.29 | $0.29 | $0.28 | $0.30 | $0.32 | $0.28 | $0.25 | $0.24 | $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 |
| Low Forecast | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $0.28 | $0.28 | $0.27 | $0.29 | $0.30 | $0.28 | $0.25 | $0.23 | $0.24 | $0.22 | $0.24 | $0.21 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 3.23% | - | 0.41% | -1.25% | 4.03% | -4.59% | -3.23% | -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 $0.25 and a high estimate of $0.25. 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 | $9.06 | $13.50 | 49.01% | |
| TWO | Two Harbors Investment | $11.81 | $15.00 | 27.01% | Buy |
| EARN | Ellington Residential Mortgage REIT | $6.56 | $8.00 | 21.95% | Buy |
| KREF | KKR Real Estate Finance Trust | $10.85 | $13.00 | 19.82% | Buy |
| RC | Ready Capital | $7.49 | $8.50 | 13.48% | Hold |
| EFC | Ellington Financial | $12.28 | $13.50 | 9.93% | Buy |
| ARR | ARMOUR Residential REIT | $19.03 | $11.50 | -39.57% | Hold |