Earnings Preview For Ellington Financial
Portfolio Pulse from Benzinga Insights
Ellington Financial (NYSE:EFC) is scheduled to release its quarterly earnings report on 2024-02-26, with analysts expecting an EPS of $0.40. Historical data shows a pattern of price changes following earnings announcements, with a notable 1.65% drop after last quarter's miss. Shares are currently trading at $12.09, down 4.92% over the last year, indicating a bearish sentiment among long-term shareholders.
February 23, 2024 | 6:00 pm
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NEUTRAL IMPACT
Ellington Financial is expected to report an EPS of $0.40 for the latest quarter. Historical performance indicates potential price volatility post-earnings, with a recent trend of share price decline.
Given the historical performance where EFC's share price typically reacts to earnings announcements, especially when missing estimates, the upcoming report could induce short-term price volatility. However, the expectation of a $0.40 EPS and the anticipation of future guidance make the impact uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100