Orchid Island Cap Q2 2024 Adj EPS $(0.09) Misses $(0.07) Estimate, Sales $(697.000K) Beat $(2.945M) Estimate
Portfolio Pulse from Benzinga Newsdesk
Orchid Island Capital (NYSE: ORC) reported a Q2 2024 adjusted EPS of $(0.09), missing the $(0.07) estimate, but reported sales of $(697.000K), beating the $(2.945M) estimate. Sales increased by 92.04% compared to the same period last year.
July 25, 2024 | 10:14 pm
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NEUTRAL IMPACT
Orchid Island Capital reported a Q2 2024 adjusted EPS of $(0.09), missing the $(0.07) estimate by 28.57%. However, the company reported sales of $(697.000K), beating the $(2.945M) estimate by 76.33%. Sales increased by 92.04% compared to the same period last year.
The mixed results, with a significant EPS miss but a substantial sales beat, create a neutral short-term impact. The sales increase of 92.04% YoY is positive, but the EPS miss by 28.57% is a concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100