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BXMT — Blackstone Mortgage Trust News Story

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Blackstone Mortgage Trust Inc reports results for the quarter ended June 30 - Earnings Summary

Blackstone Mortgage Trust Inc BXMT.N reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 49 cents.  The mean expectation of seven analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 14 cents to 44 cents per share.

Revenue fell 25.2% to $94.81 million from a year ago; analysts expected $108.83 million.

Blackstone Mortgage Trust Inc's reported EPS for the quarter was 4 cents​.

The company reported quarterly net income of $6.97 million.

Blackstone Mortgage Trust Inc shares had risen by 0.6% this quarter and gained 11.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 13.1% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

Wall Street's median 12-month price target for Blackstone Mortgage Trust Inc is $20.00, about 3.1% above its last closing price of $19.37

This summary was machine generated from LSEG data July 30 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.260.19Missed
Mar. 31 20250.070.17Beat
Dec. 31 2024-1.03-1.25Missed
Sep. 30 20240.310.39Beat

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