Chimera Investment (CIM - Free Report) closed the most recent trading day at $18.90, moving +0.05% from the previous trading session. This move lagged the S&P 500's daily gain of 0.66%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.46%.
Heading into today, shares of the mortgage investor had lost 0.58% over the past month, lagging the Finance sector's gain of 1.89% and the S&P 500's gain of 3.97% in that time.
Wall Street will be looking for positivity from CIM as it approaches its next earnings report date. On that day, CIM is projected to report earnings of $0.56 per share, which would represent a year-over-year decline of 3.45%. Our most recent consensus estimate is calling for quarterly revenue of $142.30 million, down 3.77% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.17 per share and revenue of $556.90 million, which would represent changes of -7.26% and -6.28%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CIM. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CIM is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, CIM currently has a Forward P/E ratio of 8.71. This valuation marks a discount compared to its industry's average Forward P/E of 9.05.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 68, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.