Ellington Financial Q4 2023 Adj EPS $0.27 Misses $0.40 Estimate, Sales $31.58M Miss $42.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ellington Financial (EFC) reported Q4 2023 adjusted EPS of $0.27, missing the $0.40 estimate, and sales of $31.58M, below the $42.67M estimate. This represents a 4.65% increase in sales compared to the same period last year.
February 26, 2024 | 10:47 pm
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NEGATIVE IMPACT
Ellington Financial reported lower-than-expected Q4 2023 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates significantly, especially by 32.5% for EPS and 26% for sales, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price. The fact that this miss is for a quarterly report, a key indicator of a company's financial health, adds to the potential negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100