Ellington Historical Income Statement

EARN Stock  USD 7.14  0.01  0.14%   
Historical analysis of Ellington Residential income statement accounts such as Total Revenue of 14.3 M or Gross Profit of 12.8 M can show how well Ellington Residential Mortgage performed in making a profits. Evaluating Ellington Residential income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ellington Residential's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Ellington Residential latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ellington Residential is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

About Ellington Income Statement Analysis

Ellington Residential Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ellington Residential shareholders. The income statement also shows Ellington investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Ellington Residential Income Statement Chart

At this time, Ellington Residential's EBITDA is very stable compared to the past year. As of the 17th of July 2024, Depreciation And Amortization is likely to grow to about 5.9 M, while Selling General Administrative is likely to drop about 1.1 M.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ellington Residential. It is also known as Ellington Residential overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Ellington Residential income statement and represents the costs associated with goods and services Ellington Residential provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Ellington Residential's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ellington Residential current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Ellington Residential's EBITDA is very stable compared to the past year. As of the 17th of July 2024, Depreciation And Amortization is likely to grow to about 5.9 M, while Selling General Administrative is likely to drop about 1.1 M.

Ellington Residential income statement Correlations

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-0.280.080.07-0.67-0.310.05-0.26-0.3-0.470.640.040.510.040.260.160.370.290.58
0.260.081.00.140.320.360.320.42-0.46-0.190.540.310.540.340.480.010.65-0.35
0.240.071.00.120.280.360.290.4-0.42-0.170.540.320.540.320.48-0.010.67-0.34
0.78-0.670.140.120.640.050.580.74-0.26-0.990.08-0.790.08-0.330.310.03-0.13-0.89
0.62-0.310.320.280.640.481.00.86-0.42-0.580.54-0.170.54-0.130.250.220.13-0.56
0.090.050.360.360.050.480.510.44-0.07-0.080.930.410.93-0.460.06-0.010.69-0.14
0.58-0.260.320.290.581.00.510.84-0.42-0.520.57-0.10.57-0.110.240.230.16-0.5
0.76-0.30.420.40.740.860.440.84-0.45-0.710.58-0.270.58-0.340.590.320.24-0.69
-0.53-0.47-0.46-0.42-0.26-0.42-0.07-0.42-0.450.28-0.140.16-0.14-0.24-0.58-0.47-0.240.3
-0.760.64-0.19-0.17-0.99-0.58-0.08-0.52-0.710.28-0.110.79-0.110.37-0.330.00.050.91
0.110.040.540.540.080.540.930.570.58-0.14-0.110.451.0-0.370.21-0.010.66-0.18
-0.520.510.310.32-0.79-0.170.41-0.1-0.270.160.790.450.450.27-0.070.030.520.61
0.110.040.540.540.080.540.930.570.58-0.14-0.111.00.45-0.370.21-0.010.66-0.18
-0.230.260.340.32-0.33-0.13-0.46-0.11-0.34-0.240.37-0.370.27-0.37-0.130.01-0.140.32
0.730.160.480.480.310.250.060.240.59-0.58-0.330.21-0.070.21-0.130.640.48-0.52
0.580.370.01-0.010.030.22-0.010.230.32-0.470.0-0.010.03-0.010.010.640.23-0.1
0.230.290.650.67-0.130.130.690.160.24-0.240.050.660.520.66-0.140.480.23-0.23
-0.840.58-0.35-0.34-0.89-0.56-0.14-0.5-0.690.30.91-0.180.61-0.180.32-0.52-0.1-0.23
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Ellington Residential Account Relationship Matchups

Ellington Residential income statement Accounts

201920202021202220232024 (projected)
Interest Expense35.3M10.0M2.7M14.8M45.3M47.5M
Selling General Administrative3.2M3.3M3.5M2.9M1.1M1.1M
Total Revenue27.5M25.9M(557K)20.2M13.0M14.3M
Gross Profit26.2M24.6M(1.9M)18.8M11.2M12.8M
Other Operating Expenses5.3M5.8M5.8M2.3M36.8M38.6M
Operating Income22.3M20.1M(6.3M)(15.4M)49.8M52.3M
Net Income From Continuing Ops61.2M20.1M(3.8M)(79.2M)3.8M3.2M
Ebit22.3M20.1M(6.3M)(15.4M)44.2M46.4M
Ebitda22.3M34.4M(6.3M)(13.1M)49.8M52.3M
Cost Of Revenue1.3M1.3M1.3M1.4M1.8M1.4M
Total Operating Expenses(5.3M)(5.8M)(5.8M)824K(38.6M)(36.7M)
Income Before Tax22.3M20.1M(6.3M)(30.2M)4.6M2.6M
Total Other Income Expense Net15.8M5.3M(29.7M)(14.8M)(45.3M)(43.0M)
Net Income Applicable To Common Shares22.3M20.1M(6.3M)(30.2M)(27.2M)(25.8M)
Net Income22.3M20.1M(6.3M)(30.2M)4.6M2.6M
Income Tax Expense(2.4M)(59K)(6.3M)79.5M(5.6M)(5.3M)
Interest Income43.8M27.3M28.4M35.0M40.6M30.4M
Non Operating Income Net Other55.7M9.7M(27.5M)(20.6M)(18.5M)(17.6M)
Net Interest Income8.6M17.4M25.6M20.2M(634K)(602.3K)

Pair Trading with Ellington Residential

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ellington Residential position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ellington Residential will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ellington Stock

  0.74BK Bank of New York Fiscal Year End 10th of January 2025 PairCorr

Moving against Ellington Stock

  0.52CG Carlyle GroupPairCorr
  0.47MA MastercardPairCorr
The ability to find closely correlated positions to Ellington Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellington Residential when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ellington Residential - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ellington Residential Mortgage to buy it.
The correlation of Ellington Residential is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ellington Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington Residential moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ellington Residential can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Information and Resources on Investing in Ellington Stock

When determining whether Ellington Residential offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Residential's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Residential Mortgage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Residential Mortgage Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ellington Residential. If investors know Ellington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ellington Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.185
Dividend Share
0.96
Earnings Share
0.34
Revenue Per Share
1.532
Quarterly Revenue Growth
(0.83)
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.