Orchid Island Cap Q3 EPS $(1.68) Up From $(2.40) YoY, Sales $(8.60M) Miss $(7.62M) Estimate
Portfolio Pulse from Happy Mohamed
Orchid Island Cap (NYSE:ORC) reported Q3 losses of $(1.68) per share, a 30% improvement from $(2.40) per share YoY. However, the company's quarterly sales of $(8.60 million) missed the analyst consensus estimate of $(7.62 million) by 12.83%, marking a 160.34% decrease from $14.25 million YoY.
October 26, 2023 | 8:48 pm
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Orchid Island Cap's Q3 results show mixed performance. While EPS improved by 30% YoY, sales missed estimates by 12.83% and decreased by 160.34% YoY.
Orchid Island Cap's Q3 results are likely to negatively impact its stock price in the short term. Despite the improvement in EPS, the significant miss in sales estimates and the drastic YoY decrease could worry investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100