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

Claros Mortgage Trust

07/05/2024 06:44

* Claros Mortgage Trust Inc  CMTG.N  reported a quarterly
adjusted
loss of 12 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 29 cents.  The mean expectation of five analysts for the
quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 16 cents to 25 cents per share.
    * Revenue fell 14.9% to $58.83 million from a year ago;
analysts
expected $75.53 million. 
    * Claros Mortgage Trust Inc's reported EPS for the quarter
was a
loss of 39 cents​.
    * The company reported a quarterly loss of $52.8 million.
    * Claros Mortgage Trust Inc shares had fallen by 6.4% this
quarter and lost 32.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.7%
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 $10.00 
This summary was machine generated from LSEG data May 7 at 05:44
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
 Mar. 31 2024      0.20           -0.12          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