Chimera Investment Corp reports results for the quarter ended in December - Earnings Summary

Chimera Investment

14/02/2024 15:58

* Chimera Investment Corp  CIM.N  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 11 cents.  The mean expectation of
five analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 13 cents to 27
cents per share.
    * Revenue rose 30.3% to $104.73 million from a year ago;
analysts
expected $78.92 million. 
    * Chimera Investment Corp's reported EPS for the quarter was
5
cents​.
    * The company reported quarterly net income of $12.1
million.
    * Chimera Investment Corp shares had fallen by 9.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 33.8%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Chimera
Investment Corp is $5.50 
This summary was machine generated from LSEG data February 14 at
03:57 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
 Dec. 31 2023      0.17           0.13           Missed
 Sep. 30 2023      0.18           0.13           Missed
 Jun. 30 2023      0.17           0.12           Missed
 Mar. 31 2023      0.16           0.13           Missed