Cherry Hill Mortgage Investment Corp reports results for the quarter ended in June - Earnings Summary

Cherry Hill Mortgage Investment

09/08/2024 11:49

* Cherry Hill Mortgage Investment Corp  CHMI.N  reported
quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 16 cents.  The mean expectation of two analysts
for the quarter was for earnings of 16 cents per share. Wall
Street expected results to range from 15 cents to 16 cents per
share.
    * Revenue was $22.80 million​; analysts expected $11.60
million. 
    * Cherry Hill Mortgage Investment Corp's reported EPS for
the
quarter was a loss of 6 cents​.
    * The company reported a quarterly loss of $1.86 million.
    * Cherry Hill Mortgage Investment Corp shares had risen
by 0.3%
this quarter and lost 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is  "hold."

Wall Street's median 12-month price target for Cherry Hill
Mortgage Investment Corp is $5.00 
This summary was machine generated from LSEG data August 9 at
10:49 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.16           0.08           Missed
 Mar. 31 2024      0.18           0.13           Missed
 Dec. 31 2023      0.19           0.17           Missed
 Sep. 30 2023      0.17           0.16           Missed