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

Cherry Hill Mortgage Investment

03/11/2023 05:16

* Cherry Hill Mortgage Investment Corp  CHMI.N  reported
quarterly
adjusted earnings of 16 cents​​ per share for the quarter ended
in September, lower than the same quarter last year, when the
company reported EPS of 26 cents.  The mean expectation of
two analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 16 cents to 18
cents per share.
    * Revenue rose 184.9% to $23.40 million from a year ago;
analysts
expected $12.10 million. 
    * Cherry Hill Mortgage Investment Corp's reported EPS for
the
quarter was 49 cents​.
    * The company reported quarterly net income of $13.12
million.
    * Cherry Hill Mortgage Investment Corp shares had fallen
by 14.5%
this quarter and lost 45.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $5.50 
This summary was machine generated from LSEG data November 3 at
05:15 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.17           0.16           Missed
 Jun. 30 2023      0.21           0.16           Missed
 Mar. 31 2023      0.25           0.21           Missed
 Dec. 31 2022      0.28           0.24           Missed