Claros Mortgage Trust Inc reports results for the quarter ended in September 30 - Earnings Summary

Claros Mortgage Trust

08/11/2024 02:22

* Claros Mortgage Trust Inc  CMTG.N  reported a quarterly
adjusted
loss of 17 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -16 cents.  The mean expectation of six analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from zero cents to 17 cents per share.
    * Revenue fell 19.9% to $64.49 million from a year ago;
analysts
expected $57.18 million. 
    * Claros Mortgage Trust Inc's reported EPS for the quarter
was a
loss of 40 cents​.
    * The company reported a quarterly loss of $56.22 million.
    * Claros Mortgage Trust Inc shares had fallen by 3.1% this
quarter and lost 46.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 2 "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 $7.38 
This summary was machine generated from LSEG data November 8 at
02:22 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
 Sep. 30 2024      0.17           -0.17          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