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% |
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.
