Orchid Island Capital Estimates It Generated Q4 EPS Of $0.52, Which Includes $0.65 Per Share Of Net Realized And Unrealized Gains On RMBS And Derivative Instruments
Portfolio Pulse from Benzinga Newsdesk
Orchid Island Capital reported an estimated Q4 EPS of $0.52, which includes $0.65 per share from net realized and unrealized gains on RMBS and derivative instruments.
January 10, 2024 | 9:36 pm
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Orchid Island Capital announced an estimated Q4 earnings per share (EPS) of $0.52, bolstered by significant gains in RMBS and derivatives.
The reported estimated EPS of $0.52 for Q4, which is positively influenced by gains in RMBS and derivatives, is likely to be viewed favorably by investors. This could lead to a short-term positive impact on ORC's stock price as earnings surpass expectations.
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