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

Claros Mortgage Trust

31/10/2023 22:21

* Claros Mortgage Trust Inc  CMTG.N  reported a quarterly
adjusted
loss of 16 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 33 cents.  The mean expectation of five analysts for the
quarter was for earnings of 28 cents per share. Wall Street
expected results to range from 13 cents to 43 cents per share.
    * Revenue rose 5.4% to $80.53 million from a year ago;
analysts
expected $68.80 million. 
    * Claros Mortgage Trust Inc's reported EPS for the quarter
was a
loss of 50 cents​.
    * The company reported a quarterly loss of $68.95 million.
    * Claros Mortgage Trust Inc shares had fallen by 6.6% this
quarter and lost 29.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
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 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 $11.00 
This summary was machine generated from LSEG data October 31 at
10:20 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.28           -0.16          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