Ellington Residential Q2 EPS $0.17 Misses $0.22 Estimate, Sales $(1.62M) Miss $2.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ellington Residential (NYSE:EARN) reported Q2 earnings of $0.17 per share, missing the analyst consensus estimate of $0.22 by 22.73%. This is a 39.29% decrease from the same period last year. The company also reported quarterly sales of $(1.62 million), missing the analyst consensus estimate of $2.13 million by 175.87%. This is a 122.71% decrease from the same period last year.
August 10, 2023 | 8:45 pm
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NEGATIVE IMPACT
Ellington Residential's Q2 earnings and sales significantly missed estimates, indicating a potential negative impact on its stock price.
Ellington Residential's earnings and sales for Q2 significantly missed analyst estimates. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100