Ellington Residential (NYSE: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.
