Ellington Credit Expects Q3 Adjusted Distributed EPS To Decline Somewhat From Q2 Level Of $0.36, While Still Exceeding Q1 Level Of $0.27; Est $0.29
Portfolio Pulse from Benzinga Newsdesk
Ellington Credit expects its Q3 adjusted distributed EPS to decline somewhat from the Q2 level of $0.36, while still exceeding the Q1 level of $0.27. The estimated EPS for Q3 is $0.29.
August 12, 2024 | 9:50 pm
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Ellington Credit (EARN) expects its Q3 adjusted distributed EPS to decline from Q2's $0.36 to an estimated $0.29, though it will still be higher than Q1's $0.27.
The expected decline in EPS from Q2 to Q3 is likely to have a negative short-term impact on EARN's stock price, despite the EPS still being higher than Q1. Investors may react to the sequential decline.
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