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

Claros Mortgage Trust

02/05/2023 23:35

* Claros Mortgage Trust Inc  CMTG.N  reported quarterly
adjusted
earnings of 29 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of 37 cents per share.
    * Revenue rose 19.3% to $69.10 million from a year ago;
analysts
expected $79.76 million. 
    * Claros Mortgage Trust Inc's reported EPS for the quarter
was 26
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Claros Mortgage Trust Inc shares had risen by 0.6% this
quarter and lost 20.3% so far this year.
    * The company reported quarterly net income of $36.68
million.
    * Wall Street's median 12-month price target for Claros
Mortgage
Trust Inc is $15.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
2 at 10:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.46           0.43           Missed