![]() ![]() Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Chimera has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Ĭhimera shares have lost about 4.9% since the beginning of the year versus the S&P 500's gain of 6.5%. The company has topped consensus revenue estimates just once over the last four quarters. ![]() This compares to year-ago revenues of $137.7 million. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Ĭhimera, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $69.64 million for the quarter ended March 2023, missing the Zacks Consensus Estimate by 19.59%. A quarter ago, it was expected that this mortgage investor would post earnings of $0.24 per share when it actually produced earnings of $0.11, delivering a surprise of -54.17%. This quarterly report represents an earnings surprise of -31.58%. These figures are adjusted for non-recurring items. ![]() This compares to earnings of $0.39 per share a year ago. Chimera Investment (CIM) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.19 per share. ![]()
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