Ellington Credit Q2 EPS $0.36 Beats $0.28 Estimate, Sales $3.90M Miss $4.13M Estimate
Portfolio Pulse from saritha@benzinga.com
Ellington Credit (NYSE:EARN) reported Q2 earnings per share of $0.36, beating the analyst estimate of $0.28. However, sales of $3.90 million missed the $4.13 million estimate. Despite the sales miss, both EPS and sales showed significant year-over-year growth.
August 12, 2024 | 10:11 pm
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Ellington Credit reported Q2 EPS of $0.36, beating estimates by 28.57%, but sales of $3.90M missed the $4.13M estimate. Both EPS and sales showed significant year-over-year growth.
The significant beat on EPS and the substantial year-over-year growth in both EPS and sales are positive indicators. The sales miss is a minor setback but is outweighed by the strong earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100