Cherry Hill Mortgage's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Cherry Hill Mortgage (NYSE:CHMI) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $0.19. Historical performance shows mixed results with the last quarter missing estimates by $0.01 but resulting in an 11.32% share price increase the following day. Over the past year, CHMI shares have declined by 35.34%, indicating a bearish outlook among long-term shareholders.
March 06, 2024 | 8:01 pm
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Cherry Hill Mortgage is expected to report an EPS of $0.19 for the upcoming quarter. Historical data shows a mixed impact on stock prices post-earnings, with a notable decline of 35.34% over the past year.
Given CHMI's mixed historical earnings performance and the significant decline in share price over the past year, the upcoming earnings report could have a neutral to slightly positive impact if the company beats estimates and provides positive guidance. However, the bearish sentiment among long-term shareholders and the recent history of share price reactions suggest a cautious outlook.
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