Cherry Hill Mortgage Q4 2023 Adj EPS $0.170 Misses $0.190 Estimate, Sales $(390.000K) Miss $14.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cherry Hill Mortgage (CHMI) reported Q4 2023 adjusted EPS of $0.170, missing the $0.190 estimate, and sales of $(390,000), significantly below the $14.3M estimate. This represents a 128.53% decrease in sales compared to the same period last year.
March 07, 2024 | 10:14 pm
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NEGATIVE IMPACT
Cherry Hill Mortgage's Q4 2023 earnings and sales significantly missed analyst estimates, with a drastic year-over-year sales decrease.
Missing both earnings and sales estimates significantly, especially with such a drastic decrease in sales year-over-year, is likely to negatively impact investor sentiment and the stock price of CHMI in the short term.
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IMPORTANCE 90
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