Chimera Investment (CIM) matches Q1 earnings estimates.

Chimera Investment (CIM) Zacks came in with a quarterly earnings per share of 0.39, according to consensus estimates. This compares with earnings of 3 0.36 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that the mortgage investor would post earnings of $ 0.43 per share when it actually generated آمد 0.46 earnings, a staggering 6.98%.

Over the past four quarters, the company has surpassed the agreed EPS estimates three times.

Chimera, which belongs to the Zacks REIT and Equity Trust industry, posted revenue of 137.7 million for the quarter ended March 2022, a drop of 2.68% from the Zacks consensus estimate. That compares with revenue of $ 135.06 million a year ago. The company has tripled its consolidated earnings estimates over the past four quarters.

Based on the recently released numbers and future earnings expectations, the sustainability of the stock's immediate price action will largely depend on the management's commentary on the earnings call.

Chimera's shares have fallen about 27.3% since the beginning of the year, compared to the S&P 500's -9.8% decline.

What's next for Chimera?

While Chimera has performed poorly in the market so far this year, the question on the minds of investors is: What's next for the stock?

There are no easy answers to this important question, but one reliable measure that can help investors deal with it is the company's earnings outlook. This includes not only the current consolidated earnings expectations for the coming quarters, but also how these expectations have changed recently.

Experimental research shows a strong correlation between the movement of short-term stocks and the trend of revising earnings estimates. Investors can track such reviews themselves or rely on tried and tested rating tools such as Zacks Rank, which has an impressive track record of harnessing the power of reviewing earnings estimates.

Prior to the release of this earnings, the trend of revision of estimates for Chimera: mixed. While the intensity and direction of the revision may change after the company's recently released earnings report, the current status translates to Zacks Rank # 3 (Hold) for the stock. Therefore, stock market performance is expected in the near future. You can see the full list of today's Xax # 1 Rank (Strong Buy) stocks here.

The story continues.

It will be interesting to see how estimates for the next quarter and current fiscal year change in the coming days. The current consolidated EPS estimates are $ 0.38 for revenue for the coming quarter of 138.1 million and $ 1.51 for revenue of $ 549.3 million for the current fiscal year.

Investors should keep in mind the fact that Outlook for the industry can also have a material effect on stock performance. In terms of Zacks industry rank, REIT and Equity Trust are currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the industries in the Zacks rankings lag behind the 50% below the 2 to 1 plus factor.

Another stock in the industry, the Granite Point Mortgage Trust (GPMT), has not yet announced its quarterly results for March 2022. The results are expected to be released on May 10.

The real estate investment trust is expected to post quarterly earnings of 3 0.03 per share in its forthcoming report, representing a year-on-year change of -92.1%. The consensus EPS estimate for the quarter has not changed in the last 30 days.

The Granite Point Mortgage Trust expects revenue of 21.9 million, down 21.1 percent from a year earlier.

Want the latest recommendations from Zacks Investment Research? Today, you can download the 7 best stocks for the next 30 days. Click here to get this free report Chimera Investment Corporation (CIM): Free Stock Analysis Report Granite Point Mortgage Trust Inc. (GPMT): Free Stock Analysis Report Click here to read this article on Zacks.com.