Sachem Capital Corp. (SACH) Reports Q3 Loss, Misses Revenue Estimates

Company Performance - Sachem Capital Corp. reported a quarterly loss of $0.13 per share, missing the Zacks Consensus Estimate of $0.09, and compared to earnings of $0.12 per share a year ago, representing an earnings surprise of -244.44% [1] - The company posted revenues of $14.79 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.75%, and down from $17.53 million year-over-year [2] - Over the last four quarters, Sachem Capital has not surpassed consensus EPS estimates, although it has topped consensus revenue estimates twice [2] Stock Performance - Sachem Capital shares have declined approximately 47.9% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $15.44 million, and for the current fiscal year, it is $0.17 on revenues of $62.15 million [7] Industry Outlook - The Financial - Miscellaneous Services industry, to which Sachem Capital belongs, is currently in the top 28% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact individual stock performance [5][8]