Sachem Capital FY 2023 Results: EPS Misses Estimates, Revenue Beats Expectations

Monday, 1 April 2024, 11:02

Sachem Capital's recent financial results for FY 2023 show a mixed performance, missing earnings per share estimates by $0.20 but beating revenue expectations by $1.28M. The company's growth in its mortgage portfolio and higher rates charged contributed to these outcomes.
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Sachem Capital FY 2023 Results: EPS Misses Estimates, Revenue Beats Expectations

Sachem Capital FY 2023 Results

Sachem Capital recently reported its financial performance for FY 2023, revealing interesting insights into its operations.

Key Points:

  • EPS Miss: Sachem Capital reported an earnings per share of $0.27, falling short of estimates by $0.20.
  • Revenue Beat: The company's revenue stood at $65.6M, surpassing expectations by $1.28M.
  • Drivers of Growth: Sachem Capital's growth was driven by its mortgage portfolio expansion and increased lending rates.

In conclusion, despite the earnings miss, Sachem Capital's ability to outperform revenue expectations reflects its strategic focus on revenue generation and market positioning.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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