Cherry Hill Mortgage Q2 Adj EPS $0.16 Misses $0.21 Estimate, Sales $(634.00K) Miss $6.15M Estimate
Portfolio Pulse from vinayak@benzinga.com
Cherry Hill Mortgage (NYSE:CHMI) reported Q2 earnings of $0.16 per share, missing the analyst consensus estimate of $0.21 by 23.81%. This is a 42.86% decrease from the same period last year. The company also reported quarterly sales of $(634.00 thousand), missing the analyst consensus estimate of $6.15 million by 110.31%. This is a 118.10% decrease from the same period last year.
August 04, 2023 | 2:32 pm
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Cherry Hill Mortgage's Q2 earnings and sales significantly missed estimates and decreased from the same period last year.
Cherry Hill Mortgage's Q2 earnings and sales missed the analyst consensus estimates by a significant margin. This, coupled with the fact that both earnings and sales have decreased from the same period last year, is likely to negatively impact the company's stock price in the short term.
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