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Cherry Hill Mortgage's Earnings Outlook

Author: Benzinga Insights | November 11, 2024 02:02pm

Cherry Hill Mortgage (NYSE:CHMI) is gearing up to announce its quarterly earnings on Tuesday, 2024-11-12. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Cherry Hill Mortgage will report an earnings per share (EPS) of $0.15.

The market awaits Cherry Hill Mortgage's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings Track Record

In the previous earnings release, the company missed EPS by $0.10, leading to a 2.75% drop in the share price the following trading session.

Here's a look at Cherry Hill Mortgage's past performance and the resulting price change:

Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023
EPS Estimate 0.18 0.18 0 0.17
EPS Actual 0.08 0.13 0.17 0.16
Price Change % -3.0% -2.0% -11.0% 11.0%

eps graph

Stock Performance

Shares of Cherry Hill Mortgage were trading at $3.25 as of November 08. Over the last 52-week period, shares are down 13.14%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Cherry Hill Mortgage visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CHMI

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