Orchid Island Capital, Inc. (NYSE:ORC) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.20 per share.
Looking ahead, the full year loss are expected at $ 0.24 per share on the revenues of $ 74.21 million.
Previous Quarter Performance
Orchid Island Capital, Inc. communicated income for the second quarter of $ 0.73 per share, from the revenue of $ 22.78 million. The quarterly earnings 942.86 percent while revenues developed 62.48 percent compared with the same quarter last year.
Street analysts expected Orchid Island Capital, Inc. to report income of $ 0.20 per share on revenue of $ 15.71 million for the second quarter. The bottom line results beat street analysts by $ 0.53 or 265.00 percent, at the same time, top line results outshined analysts by $ 7.07 million or 45.00 percent.
Stock Performance
Shares of Orchid Island Capital, Inc. traded low $ -0.07 or -1.35 percent on Wednesday, reaching $ 5.13 with volume of 1.10 million shares. Orchid Island Capital, Inc. has traded high as $ 5.22 and has cracked $ 5.09 on the downward trend
According to the previous trading day, closing price of $ 5.13, representing a 239.87 % increase from the 52 week low of $ 1.53 and a 24.53 % decrease over the 52 week high of $ 6.89.
The company has a market capital of $ 355.49 million and is part of the Real Estate sector and REIT – Diversified industry.
Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The companys RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities.
