Ellie Mae Reports Second Quarter 2017 Results

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Go back to Ellie Mae Reports Second Quarter 2017 Results

Ellie Mae (ELLI) PT Lowered to $100 at Needham & Company

July 28, 2017 8:37 AM EDT

Needham & Company lowered its price target on Ellie Mae (NYSE: ELLI) to $100.00 (from $135.00) while maintaining a Buy rating. ELLI reported 2Q revenue of $104.1 million, falling short of consensus estimates in the face of an 8% drop in mortgage volumes.

Management lowered guidance for... More

Ellie Mae (ELLI) Misses Q2 EPS by 2c, Guides FY EPS Well Below Views

July 27, 2017 4:33 PM EDT

Ellie Mae (NYSE: ELLI) reported Q2 EPS of $0.51, $0.02 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $104.1 million versus the consensus estimate of $110.51 million.

GUIDANCE:

Ellie Mae sees FY2017 EPS of $1.47-$1.50, versus the consensus of $1.90.

For the... More