Chimera Investment Q1 2024 Adj EPS $0.12 Misses $0.17 Estimate, Sales $65.11M Miss $69.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chimera Investment (CIM) reported Q1 2024 adjusted EPS of $0.12, missing the $0.17 estimate, and sales of $65.11M, below the $69.96M estimate. This represents a 6.50% decrease in sales compared to the same period last year.
May 09, 2024 | 10:51 am
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NEGATIVE IMPACT
Chimera Investment reported a significant miss in both adjusted EPS and sales for Q1 2024, with a year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially in a financial sector company like Chimera Investment, typically leads to negative investor sentiment and can result in a short-term decrease in stock price. The year-over-year decrease in sales further compounds the negative outlook, indicating potential underlying issues in the company's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100