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

BrightSpire Capital

30/10/2023 23:20

* Brightspire Capital Inc  BRSP.N  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 21 cents per share.
    * Revenue rose 2% to $31.98 million from a year ago;
analysts
expected $29.36 million. 
    * Brightspire Capital Inc's reported EPS for the quarter was
9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Brightspire Capital Inc shares had fallen by 13.7% this
quarter and lost 13.3% so far this year.
    * The company reported quarterly net income of $12.39
million.
    * Wall Street's median 12-month price target for Brightspire
Capital Inc is $8.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 11:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.21           0.28           Beat
 Jun. 30 2023      0.24           0.25           Beat
 Mar. 31 2023      0.25           0.27           Beat
 Dec. 31 2022      0.24           0.27           Beat