Chimera Investment Corporation (NYSE:CIM) is reporting third quarter financial results on Wednesday 4th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, CIM is expected to report 3Q20 income of $ 0.29 per share from revenue of $ 111.40 million.
For the full year, analysts anticipate top line of $ 499.13 million, while looking forward to income of $ 1.47 per share bottom line.
Previous Quarter Performance
Chimera Investment Corporation came out with income for the second quarter of $ 0.32 per share, from the revenue of $ 116.67 million. The quarterly earnings decreased 39.62 percent while revenues reduced 24.45 percent compared with the same quarter last year.
Wall street analysts are predicting, CIM to report 2Q20 income of $ 0.31 per share from revenue of $ 108.11 million. The bottom line results beat street analysts by $ 0.01 or 3.23 percent, at the same time, top line results outshined analysts by $ 8.56 million or 7.92 percent.
Stock Performance
Shares of Chimera Investment Corporation traded up $ 0.14 or 1.63 percent on Tuesday, reaching $ 8.75 with volume of 1.93 million shares. Chimera Investment Corporation has traded high as $ 8.84 and has cracked $ 8.68 on the downward trend
According to the previous trading day, closing price of $ 8.75, representing a 34.11 % increase from the 52 week low of $ 6.42 and a 62.55 % decrease over the 52 week high of $ 22.99.
The company has a market capital of $ 2.03 billion and is part of the Real Estate sector and REIT – Diversified industry.
Conference Call
Chimera Investment Corporation will be hosting a conference call at 9:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.chimerareit.com
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities. It has elected to be taxed as a real estate investment trust.
