Ellington Financial Q3 Adj EPS $0.33 Misses $0.42 Estimate, Sales $27.51M Miss $51.51M Estimate
Portfolio Pulse from mahesh@benzinga.com
Ellington Financial (NYSE:EFC) reported Q3 earnings of $0.33 per share, missing the analyst consensus estimate of $0.42 by 21.43%. This is a 25% decrease from the same period last year. The company also reported quarterly sales of $27.51 million, missing the analyst consensus estimate of $51.51 million by 46.59%. This is a 24.64% decrease from the same period last year.
November 07, 2023 | 10:21 pm
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NEGATIVE IMPACT
Ellington Financial's Q3 earnings and sales missed estimates, with a significant decrease from the same period last year. This could negatively impact the company's stock price in the short term.
Ellington Financial's earnings and sales for Q3 significantly missed analyst estimates and decreased from the same period last year. 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