Chimera Investment Q4 Adj EPS $0.13 Misses $0.17 Estimate, Sales $64.65M Miss $78.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chimera Investment reported Q4 adjusted earnings per share of $0.13, missing the consensus estimate of $0.17, and sales of $64.65M, below the estimate of $78.92M. This represents an 18.18% increase in earnings per share over the same period last year, despite the sales miss.
February 14, 2024 | 12:07 pm
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Chimera Investment's Q4 adjusted EPS of $0.13 missed estimates by 23.53%, and sales of $64.65M missed by 18.08%, despite an 18.18% increase in EPS year-over-year.
Missing both earnings and sales estimates significantly, especially in a quarter, usually leads to negative investor sentiment and can cause a short-term decline in stock price. The year-over-year EPS growth indicates some positive aspects, but the misses are likely to overshadow this in the short term.
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