Chimera Investment Corp (NYSE: CIM) has reported E.P.S. of $-0.07 for its third fiscal quarter (ending September 30) versus $-0.88 for the same period a year ago. Relative to the consensus estimate of $0.19, this was a shortfall of $-0.26. For the latest four quarters through September 30, E.P.S. were $0.51 compared to $-2.84 a year ago.
Recent Price Action
Chimera Investment Corp (NYSE: CIM) stock declined by -1.8% on 11/2/23. The shares closed at $4.81. The stock has performed in line with the market over the last nine months and has risen 6.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CIM is expected to continue to be a Value Builder.
Chimera Investment has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Chimera Investment has a very high Appreciation Score of 90 but a slightly negative Power Rating of 37, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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