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

Franklin Bsp Realty Trust

01/08/2024 24:23

* Franklin BSP Realty Trust Inc  FBRT.N  reported quarterly
adjusted earnings of 31 cents​​ per share for the quarter ended
in January, lower than the same quarter last year, when the
company reported EPS of 66 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 38 cents to 42
cents per share.
    * Revenue fell 39.4% to $50.89 million from a year ago;
analysts
expected $55.05 million. 
    * Franklin BSP Realty Trust Inc's reported EPS for the
quarter was
a loss of 11 cents​.
    * The company reported a quarterly loss of $8.92 million.
    * Franklin BSP Realty Trust Inc shares had risen by 11.2%
this
quarter and gained 3.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 July 31 at
11:22 p.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
 Jun. 30 2024      0.40           0.31           Missed
 Mar. 31 2024      0.39           0.41           Beat
 Dec. 31 2023      0.40           0.39           Missed
 Sep. 30 2023      0.40           0.43           Beat