Ellington Financial Q1 2024 Adj EPS $0.28 Misses $0.36 Estimate, Sales $31.056M Miss $32.325M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ellington Financial (NYSE:EFC) reported Q1 2024 adjusted EPS of $0.28, missing the $0.36 estimate, and sales of $31.056M, below the $32.325M estimate. This represents a 37.78% decrease in EPS and a 12.70% increase in sales year-over-year.

May 07, 2024 | 9:51 pm
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Ellington Financial reported a significant miss in Q1 2024 earnings and sales against analyst estimates, indicating potential short-term pressure on its stock price.
Missing both earnings and sales estimates significantly, especially with a 37.78% decrease in EPS year-over-year, typically leads to negative investor sentiment and could result in short-term stock price decline.
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IMPORTANCE 90
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