Blackstone Mortgage Trust Inc reports results for the quarter ended in March - Earnings Summary
24/04/2024 14:32
* Blackstone Mortgage Trust Inc BXMT.N reported quarterly
adjusted earnings of 65 cents per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 79 cents. The mean expectation of
eight analysts for the quarter was for earnings of 43 cents per
share. Wall Street expected results to range from 25 cents to 64
cents per share.
* Revenue fell 18.3% to $142.39 million from a year ago;
analysts
expected $147.20 million.
* Blackstone Mortgage Trust Inc's reported EPS for the
quarter was
a loss of 71 cents.
* The company reported a quarterly loss of $123.84 million.
* Blackstone Mortgage Trust Inc shares had fallen by 3.9%
this
quarter and lost 10.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 24.8%
in the last three months.
* In the last 30 days, two analysts negatively revised
earnings
estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the specialized
reits
peer group is also "hold"
Wall Street's median 12-month price target for Blackstone
Mortgage Trust Inc is $21.00
This summary was machine generated from LSEG data April 24 at
01:31 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
Mar. 31 2024 0.43 0.65 Beat
Dec. 31 2023 0.62 0.69 Beat
Sep. 30 2023 0.69 0.78 Beat
Jun. 30 2023 0.66 0.79 Beat