Chicago Atlantic Real Estate Finance Inc reports results for the quarter ended in September 30 - Earnings Summary

Chicago Atlantic Real Estate Finance

07/11/2024 20:45

* Chicago Atlantic Real Estate Finance Inc  REFI.OQ 
reported
quarterly adjusted earnings of 56 cents​​ per share for the
quarter ended September 30, higher than the same quarter last
year, when the company reported EPS of 54 cents.  The mean
expectation of six analysts for the quarter was for earnings of
48 cents per share. Wall Street expected results to range from
46 cents to 52 cents per share.
    * Revenue rose 7.1% to $16.26 million from a year ago;
analysts
expected $14.93 million. 
    * Chicago Atlantic Real Estate Finance Inc's reported EPS
for the
quarter was 56 cents​.
    * The company reported quarterly net income of $11.21
million.
    * Chicago Atlantic Real Estate Finance Inc shares had risen
by 0.5% this quarter and lost 3.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
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 November 7 at
08:45 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
 Sep. 30 2024      0.48           0.56           Beat
 Jun. 30 2024      0.51           0.46           Missed
 Mar. 31 2024      0.53           0.47           Missed
 Dec. 31 2023      0.51           0.51           Met