Ellington Financial (NYSE:EFC) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Ellington Financial will report an earnings per share (EPS) of $0.36.
The announcement from Ellington Financial is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Past Earnings Performance
During the last quarter, the company reported an EPS missed by $0.04, leading to a 3.2% increase in the share price on the subsequent day.
Here's a look at Ellington Financial's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.37 | 0.36 | 0.40 | 0.42 |
| EPS Actual | 0.33 | 0.28 | 0.27 | 0.33 |
| Price Change % | 3.0% | 1.0% | -8.0% | -2.0% |
Market Performance of Ellington Financial's Stock
Shares of Ellington Financial were trading at $11.92 as of November 04. Over the last 52-week period, shares are down 4.88%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for Ellington Financial visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
