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

Claros Mortgage Trust

02/08/2023 02:57

* Claros Mortgage Trust Inc  CMTG.N  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended in June. The
mean expectation of six analysts for the quarter was
for earnings of 35 cents per share.
    * Revenue rose 16.9% to $80.93 million from a year ago;
analysts
expected $71.42 million. 
    * Claros Mortgage Trust Inc's reported EPS for the quarter
was 2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Claros Mortgage Trust Inc shares had risen by 8.6% this
quarter and lost 16.2% so far this year.
    * The company reported quarterly net income of $4.25
million.
    * Wall Street's median 12-month price target for Claros
Mortgage
Trust Inc is $12.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:57 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.35           -0.10          Missed
 Mar. 31 2023      0.37           0.29           Missed
 Dec. 31 2022      0.39           0.38           Missed
 Sep. 30 2022      0.34           0.33           Missed