Orchid Island Cap Q3 2023 Adj EPS $(0.28) Misses $(0.22) Estimate, Sales $(8.60M) Miss $(7.62M) Estimate
Portfolio Pulse from totan@benzinga.com
Orchid Island Cap (NYSE:ORC) reported Q3 2023 losses of $0.28 per share, missing the analyst consensus estimate of $0.22 by 27.27%. This is an increase in losses of 88.33% from the same period last year. The company also reported quarterly sales of $8.60 million, missing the analyst consensus estimate of $7.62 million by 12.83%. This is a decrease in sales of 160.34% from the same period last year.
October 26, 2023 | 9:00 pm
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NEGATIVE IMPACT
Orchid Island Cap reported higher than expected losses and lower than expected sales for Q3 2023. This could negatively impact the company's stock price in the short term.
Orchid Island Cap reported higher than expected losses and lower than expected sales for Q3 2023. This missed analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100