Blackstone Mortgage Trust Inc reports results for the quarter ended in December - Earnings Summary

Blackstone Mortgage Trust

14/02/2024 17:22

* Blackstone Mortgage Trust Inc  BXMT.N  reported quarterly
adjusted earnings of 69 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 87 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 62 cents per
share. Wall Street expected results to range from 45 cents to 70
cents per share.
    * Revenue fell 19.5% to $153.77 million from a year ago;
analysts
expected $156.59 million. 
    * Blackstone Mortgage Trust Inc's reported EPS for the
quarter was
a loss of 1 cent​.
    * The company reported a quarterly loss of $2.38 million.
    * Blackstone Mortgage Trust Inc shares had fallen by 14.8%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Blackstone
Mortgage Trust Inc is $22.00 

This summary was machine generated from LSEG data February 14 at
05:21 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.62           0.69           Beat
 Sep. 30 2023      0.69           0.78           Beat
 Jun. 30 2023      0.66           0.79           Beat
 Mar. 31 2023      0.74           0.79           Beat