Orchid Island Capital, Inc. (NYSE:ORC) is trading up 79.18% versus 12-month low of 6.38 and stands 1.06% lower from its 1-year peak of $11.31. The consensus price target (PT) of $11.13 means that the market expects Company shares to increase by -0.8% in the short run. The sell-side target prices range from $11 to $11.25. In the last month the stock has moved in price 7.68%, with a one year change of 39.84%. The last trading session volume compares with the 558.92K average and market worth floats around 300.04M.

Orchid Island Capital, Inc. (NYSE:ORC) gained 1.87% to reach at the trading price of $11.43 as it is set to release its next quarterly earnings report on February 21, 2017. Orchid Island Capital, Inc. stock trades in the range of $11.18 to $11.43 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.4 a share with $19.46M in revenue.

Orchid Island Capital, Inc. (ORC) Future Earnings & History

After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Orchid Island Capital, Inc. to earn $0.41 per share (EPS) on revenue of $19.46M. The EPS consensus range is $0.39-$0.42 on revenue between $19.46M and $19.46M.

While if we look at the Earnings Track Record, Orchid Island Capital, Inc. (ORC) managed to surpass quarterly earnings per share estimates in 0 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 0%. Revenues hit $15.9M in the June 2017 quarter, which was above the consensus $15.78M projection. On the other hand, in the March 2017 quarter the company recorded a net $17.15M revenue.