Cherry Hill Mortgage Investment (NYSE:CHMI) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$10.0m (up 20% from 2Q 2023).
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Net income: US$765.0k (up from US$876.0k loss in 2Q 2023).
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Profit margin: 7.6% (up from net loss in 2Q 2023).
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EPS: US$0.026 (up from US$0.034 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cherry Hill Mortgage Investment Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 91%. Earnings per share (EPS) also missed analyst estimates by 132%.
Looking ahead, revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 43%.
Performance of the American Mortgage REITs industry.
The company’s shares are down 5.6% from a week ago.
Risk Analysis
We should say that we’ve discovered 3 warning signs for Cherry Hill Mortgage Investment (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
