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

Claros Mortgage Trust

06/08/2024 24:32

* Claros Mortgage Trust Inc  CMTG.N  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -10 cents.  The mean expectation of six analysts
for the quarter was for earnings of 17 cents per share. Wall
Street expected results to range from 10 cents to 24 cents per
share.
    * Revenue fell 20.3% to $64.49 million from a year ago;
analysts
expected $53.66 million. 
    * Claros Mortgage Trust Inc's reported EPS for the quarter
was a
loss of 9 cents​.
    * The company reported a quarterly loss of $11.55 million.
    * Claros Mortgage Trust Inc shares had risen by 13.6% this
quarter and lost 33.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.9%
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 $8.50 
This summary was machine generated from LSEG data August 5 at
11:32 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
 Jun. 30 2024      0.17           0.20           Beat
 Mar. 31 2024      0.20           -0.12          Missed
 Dec. 31 2023      0.28           0.26           Missed
 Sep. 30 2023      0.28           -0.16          Missed