Key Highlights:
- Analysts predict Orchid Island Capital (ORC, Financial) to report an EPS of $0.17.
- The estimated revenue for the upcoming earnings report is $11.96 million.
- Current analyst consensus suggests an "Outperform" rating for ORC.
Orchid Island Capital Inc. (ORC) is gearing up to release its earnings this Thursday, April 24th, after the market closes. Investors are keenly watching as analysts have set an Earnings Per Share (EPS) expectation of $0.17, alongside projected revenues of $11.96 million. Notably, over the last three months, earnings expectations have been revised upwards three times, signaling a potentially stronger performance than previously anticipated. Revenue estimates saw both an increase and decrease during the same period.
Wall Street Analysts Forecast
When considering the one-year price targets provided by just one analyst, the average target for Orchid Island Capital Inc. (ORC, Financial) stands at $8.00. This is consistent across both high and low estimates, offering an implied upside of 16.11% from its current trading price of $6.89. Investors looking for in-depth forecast data can find more details on the Orchid Island Capital Inc (ORC) Forecast page.
Furthermore, Orchid Island Capital Inc. (ORC, Financial) is currently rated with an average brokerage recommendation of 2.5 from four brokerage firms. This consensus places ORC in the "Outperform" category, on a scale where 1 means Strong Buy and 5 represents Sell. This rating reflects a positive outlook among analysts, suggesting ORC has favorable growth potential moving forward.
