Brightspire Capital Inc reports results for the quarter ended in June - Earnings Summary

BrightSpire Capital

31/07/2024 19:37

* Brightspire Capital Inc  BRSP.N  reported quarterly
adjusted
earnings of 22 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 25 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 22 cents per share. Wall Street
expected results to range from 20 cents to 23 cents per share.
    * Revenue fell 16.5% to $25.25 million from a year ago;
analysts
expected $26.73 million. 
    * Brightspire Capital Inc's reported EPS for the quarter was
a
loss of 53 cents​.
    * The company reported a quarterly loss of $67.86 million.
    * Brightspire Capital Inc shares had risen by 8.8% this
quarter and lost 16.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.9%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 1 "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 Brightspire
Capital Inc is $7.75 
This summary was machine generated from LSEG data July 31 at
06:36 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
 Jun. 30 2024      0.22           0.22           Met
 Mar. 31 2024      0.18           0.23           Beat
 Dec. 31 2023      0.24           0.28           Beat
 Sep. 30 2023      0.21           0.28           Beat