Recap: Orchid Island Cap Q4 Earnings - Orchid Island Cap (NYSE:ORC)

Orchid Island Cap ORC reported its Q4 earnings results on Thursday, February 1, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Orchid Island Cap beat estimated earnings by 48.0%, reporting an EPS of $-0.13 versus an estimate of $-0.25.

Revenue was down $5.17 million from the same period last year.

Last quarter the company missed on EPS by $0.06 which was followed by a 3.43% drop in the share price the next day.

Here's a look at Orchid Island Cap's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	-0.22	-0.01	0.35	0.30
EPS Actual	-0.28	-0.34	0.09	0.95
Revenue Estimate	-7M	9.85M	14.97M	14.03M
Revenue Actual	-8M	-8M	-4M	2.39M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Orchid Island Cap management provided guidance for Q4 2023, expecting earnings between $0.52 and $0.52 per share.

To track all earnings releases for Orchid Island Cap visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.