Blackstone Mortgage Trust Inc reports results for the quarter ended in September 30 - Earnings Summary
23/10/2024 14:41
* Blackstone Mortgage Trust Inc BXMT.N reported quarterly
adjusted earnings of 39 cents per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 78 cents. The mean expectation of
nine analysts for the quarter was for earnings of 31 cents per
share. Wall Street expected results to range from 15 cents to 47
cents per share.
* Revenue fell 34.5% to $108.35 million from a year ago;
analysts
expected $115.42 million.
* Blackstone Mortgage Trust Inc's reported EPS for the
quarter was
a loss of 32 cents.
* The company reported a quarterly loss of $56.38 million.
* Blackstone Mortgage Trust Inc shares had fallen by 2.1%
this
quarter and lost 12.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 23.9%
in the last three months.
* In the last 30 days, one analyst negatively revised an
earnings
estimate
RECOMMENDATIONS
* 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 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 18.50
This summary was machine generated from LSEG data October 23 at
01:41 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
Sep. 30 2024 0.31 0.39 Beat
Jun. 30 2024 0.48 0.49 Beat
Mar. 31 2024 0.43 0.33 Missed
Dec. 31 2023 0.62 0.69 Beat