Orchid Island Cap (NYSE: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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.