Ellington Financial Q2 Adj EPS $0.38 Misses $0.44 Estimate, Sales $24.66M Miss $26.55M Estimate
Portfolio Pulse from vinayak@benzinga.com
Ellington Financial (NYSE:EFC) reported Q2 earnings of $0.38 per share, missing the analyst consensus estimate of $0.44 by 13.64%. This is a 7.32% decrease from the same period last year. The company also reported quarterly sales of $24.66 million, missing the analyst consensus estimate of $26.55 million by 7.12%. This is a 32.81% decrease from the same period last year.
August 07, 2023 | 8:51 pm
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Ellington Financial's Q2 earnings and sales missed estimates, with a YoY decrease in both earnings per share and sales. This could negatively impact the company's stock price in the short term.
Ellington Financial's Q2 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. This, combined with the YoY decrease in both earnings per share and sales, could lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100