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

Claros Mortgage Trust

21/02/2024 10:45

* Claros Mortgage Trust Inc  CMTG.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 38 cents.  The mean expectation of
six analysts for the quarter was for earnings of 28 cents per
share. Wall Street expected results to range from 12 cents to 42
cents per share.
    * Revenue fell 9.1% to $75.98 million from a year ago;
analysts
expected $70.46 million. 
    * Claros Mortgage Trust Inc's reported EPS for the quarter
was 24
cents​.
    * The company reported quarterly net income of $34.04
million.
    * Claros Mortgage Trust Inc shares had fallen by 27.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.8%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Claros Mortgage
Trust Inc is $11.00 
This summary was machine generated from LSEG data February 21 at
10:45 a.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      0.28           0.26           Missed
 Sep. 30 2023      0.28           -0.16          Missed
 Jun. 30 2023      0.35           -0.10          Missed
 Mar. 31 2023      0.37           0.29           Missed