Blackstone Mortgage Trust Inc expected to post earnings of 48 cents a share - Earnings Preview

Blackstone Mortgage Trust

22/07/2024 16:42

* Blackstone Mortgage Trust Inc  BXMT.N   BXMT.K  is
expected
to show a fall in quarterly revenue when it reports  results on
July 24 for the period ending June 30 2024
    * The New York City-based  company is expected to report a
25.7% decrease in revenue to $131.755 million from $177.34
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Consensus is on Income from loans
and other investments, net)
    * ​LSEG's mean analyst estimate for Blackstone Mortgage
Trust Inc
is for earnings of 48 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Blackstone
Mortgage Trust Inc is $19.00​, below​ its last closing price
of $19.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.47        0.43       0.33      Missed  -24
 Dec. 31 2024  0.67        0.62       0.69      Beat    10.4
 Sep. 30 2023  0.70        0.69       0.78      Beat    12.9​
 Jun. 30 2023  0.66        0.66       0.79      Beat    19.7
 ​​Mar.        0.75        0.74       0.79      Beat    7.4
 31 2023                                                
 Dec. 31 2022  0.73        0.72       0.87      Beat    21​
 Sep. 30 2022  0.67        0.67       0.71      Beat    6.3
 Jun. 30 2022  0.63        0.63       0.67      Beat    6.3
 This summary was machine generated July 22 at 15:42 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)