Chicago Atlantic Real Estate Finance Inc reports results for the quarter ended in December - Earnings Summary

Chicago Atlantic Real Estate Finance

12/03/2024 15:03

* Chicago Atlantic Real Estate Finance Inc  REFI.OQ 
reported
quarterly adjusted earnings of 51 cents​​ per share for the
quarter ended in December, higher than the same quarter last
year, when the company reported EPS of 41 cents.  The mean
expectation of six analysts for the quarter was for earnings of
51 cents per share. Wall Street expected results to range from
45 cents to 58 cents per share.
    * Revenue rose 3.4% to $16.53 million from a year ago;
analysts
expected $16.09 million. 
    * Chicago Atlantic Real Estate Finance Inc's reported EPS
for the
quarter was 51 cents​.
    * The company reported quarterly net income of $9.4 million.
    * Chicago Atlantic Real Estate Finance Inc shares had risen
by 1.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Chicago Atlantic
Real Estate Finance Inc is $17.00 
This summary was machine generated from LSEG data March 12 at
03:02 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
 Dec. 31 2023      0.51           0.51           Met
 Sep. 30 2023      0.53           0.54           Beat
 Jun. 30 2023      0.54           0.47           Missed
 Mar. 31 2023      0.50           0.60           Beat