Ellington Financial Q2 2024 Adj. EPS $0.33 Misses $0.35 Estimate, Sales $33.596M Miss $49.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ellington Financial (NYSE:EFC) reported Q2 2024 adjusted EPS of $0.33, missing the $0.35 estimate. Sales were $33.596M, missing the $49.600M estimate. EPS decreased by 13.16% YoY, while sales increased by 36.24% YoY.
August 07, 2024 | 6:19 am
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Ellington Financial reported Q2 2024 adjusted EPS of $0.33, missing the $0.35 estimate. Sales were $33.596M, missing the $49.600M estimate. EPS decreased by 13.16% YoY, while sales increased by 36.24% YoY.
Ellington Financial's Q2 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The decrease in EPS and the significant miss in sales estimates are key factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100