Chimera Investment Q2 2024 Adj. EPS $0.37 Misses $0.42 Estimate, Sales $67.295M Miss $71.315M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chimera Investment (NYSE:CIM) reported Q2 2024 adjusted EPS of $0.37, missing the analyst estimate of $0.42 by 11.9%. Sales were $67.295 million, also missing the estimate of $71.315 million by 5.64%. Despite the misses, sales increased by 2.46% year-over-year.
August 07, 2024 | 12:02 pm
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NEGATIVE IMPACT
Chimera Investment's Q2 2024 earnings and sales both missed analyst estimates, with EPS missing by 11.9% and sales missing by 5.64%. However, sales increased by 2.46% year-over-year.
The misses on both EPS and sales estimates are likely to negatively impact the stock price in the short term. However, the year-over-year sales growth may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100