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Ellie Mae earnings once again beat expectations

Ellie Mae had a net margin of 5.02% and a return on equity of 4.17%. The firm had revenue of $116.05 million during the quarter, compared to analysts’ expectations of $113.97 million. As a group, equities research analysts anticipate that Ellie Mae Inc will post 0.95 earnings per share for the current year.

I think this is a bargain price for a company that’s gaining market share and will benefit disproportionately when the housing market starts moving once again. When Motley Fool trading rules allow, I.

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Ellie Mae (ELLI) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.53 per share a year ago. These.

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EarningsBeats. Each day we scan the market to find stocks that beat or miss earnings (EPS) and revenue expectations. Here are just a few of those recent stocks

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Ellie Mae has a market capitalization of $3.44 billion and generates $480.27 million in revenue each year. The software maker earns $22.58 million in net income (profit) each year or $1.03 on an earnings per share basis. Ellie mae employs 1,570 workers across the globe.View Additional Information About Ellie Mae.

The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages, according to Fannie Mae’s Q2 2019 Mortgage Lender. (PR Newswire)

Stocks Analysis by Zacks Investment Research covering: . Read Zacks Investment Research’s latest article on Investing.com

Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Our technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency.

Source: Ellie Mae. The housing market has performed quite strongly over the past several years, and the resulting uptick in mortgage volume has been a boon not just to mortgage lenders but to the.

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