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

Chimera Investment

07/08/2024 13:45

* Chimera Investment Corp  CIM.N  reported quarterly
adjusted
earnings of 37 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 36 cents.  The mean expectation of five analysts
for the quarter was for earnings of 42 cents per share. Wall
Street expected results to range from 33 cents to 69 cents per
share.
    * Revenue rose 2.5% to $67.30 million from a year ago;
analysts
expected $71.32 million. 
    * Chimera Investment Corp's reported EPS for the quarter was
41
cents​.
    * The company reported quarterly net income of $33.91
million.
    * Chimera Investment Corp shares had risen by 6.6% this
quarter and lost 8.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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 "hold"
and
the breakdown of recommendations is no "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 $14.63 
This summary was machine generated from LSEG data August 7 at
12:45 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
 Jun. 30 2024      0.42           0.37           Missed
 Mar. 31 2024      0.52           0.36           Missed
 Dec. 31 2023      0.52           0.39           Missed
 Sep. 30 2023      0.53           0.39           Missed