Ellington Residential: Q3 Earnings Insights

Ellington Residential EARN reported its Q3 earnings results on Monday, November 13, 2023 at 08:00 AM.

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 $6.29 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.05 which was followed by a 2.0% drop in the share price the next day.

Here's a look at Ellington Residential's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 0.22 0.24 0.22 0.24
EPS Actual 0.17 0.21 0.25 0.23
Revenue Estimate 2.13M 3.17M 3.92M 4.49M
Revenue Actual -1M -372K 2.45M 5.19M

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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