Cherry Hill Mortgage Investment Corp reports results for the quarter ended September 30 - Earnings Summary

Cherry Hill Mortgage Investment

13/11/2024 14:27

* Cherry Hill Mortgage Investment Corp  CHMI.N  reported
quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
September 30, 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 14 cents to 17
cents per share.
    * Revenue fell 54.8% to $10.58 million from a year ago;
analysts
expected $14.70 million. 
    * Cherry Hill Mortgage Investment Corp's reported EPS for
the
quarter was a loss of 49 cents​.
    * The company reported a quarterly loss of $14.79 million.
    * Cherry Hill Mortgage Investment Corp shares had fallen
by 12.4%
this quarter and lost 21.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $5.00 
This summary was machine generated from LSEG data November 13 at
02:27 p.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
 Sep. 30 2024      0.16           0.08           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