Overview

* Chimera Q3 GAAP net loss of $0.27 per share

* Adjusted EPS of $0.37 missed analyst expectations

* Completed acquisition of HomeXpress for $240 mln in cash and stock

Outlook

* Company did not provide specific financial guidance for future quarters

Result Drivers

* ACQUISITION STRATEGY - Co transitioned to cash in preparation for HomeXpress acquisition, aiming to diversify and grow earnings

* ECONOMIC RETURN - Co reported an economic return of (1.4)% for the quarter, indicating challenges in market conditions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $0.37 $0.46 (3

Adjusted Analysts

EPS )

Q3 Net $65.01

Interest mln

Income

Q3 -$329,00

Pretax 0

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "hold"

* Wall Street's median 12-month price target for Chimera Investment Corp ( CIM/PA ) is $15.50, about 16.3% above its November 5 closing price of $12.98

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)