Cherry Hill Mortgage Q1 2024 Adj EPS $0.13 Misses $0.18 Estimate, Net interest expense $(907.000K) Down From $(160.000K) YoY
Portfolio Pulse from Benzinga Newsdesk
Cherry Hill Mortgage (NYSE:CHMI) reported Q1 2024 adjusted EPS of $0.13, missing the $0.18 estimate, marking a 27.78% miss and a 23.53% decrease from the previous year's $0.17. Net interest expense was $(907,000), a significant decrease from $(160,000) YoY, indicating a 466.88% drop in sales.
May 06, 2024 | 8:46 pm
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Cherry Hill Mortgage reported a significant miss in Q1 2024 earnings with adjusted EPS of $0.13 against estimates of $0.18 and a drastic decrease in sales.
The miss in earnings and the significant decrease in sales year-over-year are likely to negatively impact investor sentiment and the stock price of Cherry Hill Mortgage in the short term. The magnitude of the miss and the sales decrease are critical factors that investors will consider, potentially leading to a decrease in stock price.
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IMPORTANCE 90
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