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

Chimera Investment

02/11/2023 13:32

* Chimera Investment Corp  CIM.N  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 27 cents.  The mean expectation of
five analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 12 cents to 25
cents per share.
    * Revenue fell 39.5% to $63.40 million from a year ago;
analysts
expected $85.03 million. 
    * Chimera Investment Corp's reported EPS for the quarter was
a
loss of 7 cents​.
    * The company reported a quarterly loss of $16.27 million.
    * Chimera Investment Corp shares had fallen by 10.3% this
quarter and lost 10.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
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," 4
"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 $5.75 
This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.23           0.11           Missed