ORC Earnings Prediction
The chart below shows how ORC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ORC sees a +2.46% change in stock price 10 days leading up to the earnings, and a +3.30% change 10 days following the report. On the earnings day itself, the stock moves by +0.24%. This data can give you a slight idea of what to expect for the next quarter's release.
ORC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
73.75M
-11.69%
-17.03%
Gross Margin
--
--
--
Operating Margin
7.52%
-76.85%
-61.40%
Net Margin
7.52%
-76.85%
-61.40%
EPS
0.07
-90.91%
-70.83%
No Data Available
ORC Earnings Analysis
Orchid Island Capital Inc Corporation (ORC.N) Earnings Conference Call
Positive
Q4 Net Income and Dividend: Net income for Q4 was $0.07 per share, with a total return of 0.6% annualized, including a declared dividend of $0.36 during the period.
Income Recovery and Growth: Year-to-date income for 2024 was $0.57 per share, a significant recovery from a loss of $0.89 per share in 2023, with a total return for the year of 4.73%.
Strong Liquidity Position: Liquidity at year-end was approximately 53% of equity, indicating a strong financial position and ability to manage obligations effectively.
Leverage Ratio Improvement: The leverage ratio decreased slightly to 7.3 times equity, reflecting improved capital management and risk profile.
Dividend Stability and Cash Flow: The company maintained a dividend of $1.44 for the year, with 96% of that paid out of taxable income, demonstrating strong cash flow generation.
Negative
Net Income Decline: Net income decreased to $0.07 per share in Q4 from $0.24 per share in Q3, indicating a significant decline in profitability.
Decline in Book Value: Book value fell from $9.10 at the end of 2023 to $8.09 at the end of 2024, reflecting a loss of value for shareholders.
Annual Return Underperformance: Total return for the year was only 4.73%, which is considerably lower than previous years, suggesting underperformance in the market.
Dividend Sustainability Concerns: 96% of the declared dividend was paid out of taxable income, indicating a reliance on earnings to sustain dividend payments, which raises concerns about future sustainability.
Low Refinancing Activity: Refinancing activity remains extremely low due to high interest rates above 7%, which is negatively impacting the housing market and overall mortgage performance.
ORC FAQs
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ORC Earning Call Sentiment
Earnings call transcript: Orchid Island Capital Q4 2024 beats EPS expectations
ORC.N
-0.36%Positive
The earnings call presents a mixed picture: stable book value and dividend, but declining net income and book value YoY. The positive elements include a strategic focus on higher coupon securities and a defensive hedge strategy. However, the Q&A reveals some management evasiveness on key issues, and the economic outlook remains uncertain with potential regulatory and market volatility risks. The unchanged book value and cautious economic outlook suggest a neutral stock price movement.