Orchid Island Cap Q1 2024 Adj EPS $(0.12) Misses $(0.09) Estimate, Sales $(2.490M) Beat $(3.227M) Estimate
Portfolio Pulse from Benzinga Newsdesk
Orchid Island Capital (ORC) reported Q1 2024 adjusted EPS of $(0.12), missing the $(0.09) estimate, but sales of $(2.490M) exceeded the $(3.227M) estimate, marking a 40.78% increase over the previous year.
April 25, 2024 | 8:22 pm
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Orchid Island Capital reported a Q1 2024 adjusted EPS of $(0.12), missing estimates, but sales of $2.49M exceeded expectations, showing a significant year-over-year growth.
While the missed EPS might concern investors, the significant beat on sales and the year-over-year growth could offset negative sentiment. The mixed results present a neutral outlook in the short term as investors weigh the implications of both the earnings miss and the sales beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100