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

Chicago Atlantic Real Estate Finance

07/05/2024 21:14

* Chicago Atlantic Real Estate Finance Inc  REFI.OQ 
reported
quarterly adjusted earnings of 47 cents​​ per share for the
quarter ended in March, lower than the same quarter last year,
when the company reported EPS of 60 cents.  The mean expectation
of six analysts for the quarter was for earnings of 53 cents per
share. Wall Street expected results to range from 47 cents to 60
cents per share.
    * Revenue fell 7.2% to $15.34 million from a year ago;
analysts
expected $15.89 million. 
    * Chicago Atlantic Real Estate Finance Inc's reported EPS
for the
quarter was 47 cents​.
    * The company reported quarterly net income of $8.73
million.
    * Chicago Atlantic Real Estate Finance Inc shares had risen
by 1.1% this quarter and lost 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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 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 $18.00 
This summary was machine generated from LSEG data May 7 at 08:13
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
 Mar. 31 2024      0.53           0.47           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