Sachem Capital Corp. (SACH) Misses Q2 EPS by 20c

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Go back to Sachem Capital Corp. (SACH) Misses Q2 EPS by 20c

Jones Trading Reiterates Hold Rating on Sachem Capital Corp. (SACH)

August 14, 2024 4:01 PM EDT

Jones Trading analyst Jason Weaver reiterated a Hold rating on Sachem Capital Corp. (NYSE: SACH).

The analyst comments "We reiterate our Hold rating on SACH shares. The company reported GAAP EPS of ($0.09) vs. our ($0.01) estimate and consensus mean of $0.10. Adjusted EPS came in at $0.09, largely due to an $8.5mm credit loss provision during the quarter. The GAAP miss is due to the CECL provision which... More