Claros Mortgage Trust Inc reports results for the quarter ended in December - Earnings Summary

Claros Mortgage Trust

16/02/2023 22:50

* Claros Mortgage Trust Inc  CMTG.N  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for earnings of 39 cents per share.
    * Revenue fell 9.2% to $61.96 million from a year ago;
analysts
expected $69.27 million. 
    * Claros Mortgage Trust Inc's reported EPS for the quarter
was a
loss of 17 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Claros Mortgage Trust Inc shares had risen by 8.6% this
quarter.
    * The company reported a quarterly loss of $22.65 million.
    * Wall Street's median 12-month price target for Claros
Mortgage
Trust Inc is $17.75 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
16 at 10:50 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.39           0.38           Missed
 Sep. 30 2022      0.34           0.33           Missed
 Jun. 30 2022      0.46           0.43           Missed
 Mar. 31 2022      0.34           0.24           Missed