From Nasdaq: 2024-11-12 20:20:02

Ellington Credit (EARN) exceeded earnings expectations with $0.28 per share, up from $0.21 last year. The company has beaten EPS estimates for four consecutive quarters. Revenues of $4.75 million fell short of estimates by 37.06%. Share performance has lagged behind the S&P 500. AFC Gamma Inc. (AFCG) is expected to report a -30.6% YoY earnings change with $0.34 per share in their upcoming results. Their revenues are anticipated to decrease by 13.7% from the previous year.

Investors are eager to know the future outlook for Ellington Credit (EARN) and AFC Gamma Inc. (AFCG) after their recent earnings reports. The Zacks Rank remains at #3 (Hold) for EARN, indicating market performance in the near future. AFCG is set to release results on November 13, with expectations of $0.34 EPS and $14.51 million in revenue. Zacks experts have identified a promising stock with potential for +100% growth. This company targets younger audiences and generated $1 billion in revenue in the last quarter.



Read more at Nasdaq: Ellington Credit (EARN) Q3 Earnings Beat Estimates