Orchid Island Cap (NYSE:ORC) will release its quarterly earnings report on Thursday, 2024-10-24. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Orchid Island Cap to report an earnings per share (EPS) of $-0.07.
Investors in Orchid Island Cap are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Overview of Past Earnings
In the previous earnings release, the company missed EPS by $0.02, leading to a 0.24% drop in the share price the following trading session.
Here's a look at Orchid Island Cap's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.07 | -0.09 | -0.25 | -0.22 |
| EPS Actual | -0.09 | -0.12 | -0.13 | -0.28 |
| Price Change % | -0.0% | 3.0% | 4.0% | -3.0% |
Tracking Orchid Island Cap's Stock Performance
Shares of Orchid Island Cap were trading at $7.86 as of October 22. Over the last 52-week period, shares are up 26.75%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Orchid Island Cap visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
