Franklin BSP Realty Trust Inc reports results for the quarter ended in December - Earnings Summary

Franklin Bsp Realty Trust

15/02/2024 03:55

* Franklin BSP Realty Trust Inc  FBRT.N  reported quarterly
adjusted earnings of 39 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 37 cents.  The mean expectation of
five analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 35 cents to 42
cents per share.
    * Revenue fell 3.2% to $54.76 million from a year ago;
analysts
expected $58.62 million. 
    * Franklin BSP Realty Trust Inc's reported EPS for the
quarter was
28 cents​.
    * The company reported quarterly net income of $23.27
million.
    * Franklin BSP Realty Trust Inc shares had fallen by 10.0%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Franklin BSP
Realty Trust Inc is $15.00 
This summary was machine generated from LSEG data February 15 at
03:54 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
 Dec. 31 2023      0.40           0.39           Missed
 Sep. 30 2023      0.40           0.43           Beat
 Jun. 30 2023      0.50           0.66           Beat
 Mar. 31 2023      0.37           0.42           Beat