Preview: Ellington Residential's Earnings
Portfolio Pulse from Benzinga Insights
Ellington Residential (NYSE:EARN) is scheduled to release its quarterly earnings report on March 6, 2024. Analysts predict an EPS of $0.23. The company's past earnings performance shows mixed results with both misses and beats in previous quarters. Shares are currently trading at $5.95, down 20.7% over the last year. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
March 05, 2024 | 6:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Ellington Residential is expected to announce its quarterly earnings with an anticipated EPS of $0.23. Historical performance shows variability in meeting EPS estimates, affecting stock prices. Currently trading at $5.95, down 20.7% over the last year.
The anticipation of Ellington Residential's earnings report and its historical performance suggest a neutral short-term impact on its stock price. The company's ability to meet or exceed the EPS estimate and provide positive future guidance will be key factors. However, given the stock's 20.7% decline over the past year, investor sentiment may already be tempered, suggesting a neutral outlook unless the earnings report significantly deviates from expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100