Ellington Residential EARN reported its Q1 earnings results on Thursday, May 11, 2023 at 04:27 PM.
Here's what investors need to know about the announcement.
Earnings
Ellington Residential missed estimated earnings by 12.5%, reporting an EPS of $0.21 versus an estimate of $0.24.
Revenue was down $5.80 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 2.92% increase in the share price the next day.
Here's a look at Ellington Residential's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.22 | 0.24 | 0.26 | 0.3 |
| EPS Actual | 0.25 | 0.23 | 0.28 | 0.3 |
| Revenue Estimate | 3.92M | 4.49M | 4.95M | 5.60M |
| Revenue Actual | 2.45M | 5.19M | 7.12M | 5.43M |
To track all earnings releases for Ellington Residential visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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