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

Franklin Bsp Realty Trust

30/04/2024 16:11

* Franklin BSP Realty Trust Inc  FBRT.N  reported quarterly
adjusted earnings of 41 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 42 cents.  The mean expectation of
five analysts for the quarter was for earnings of 39 cents per
share. Wall Street expected results to range from 36 cents to 42
cents per share.
    * Revenue fell 14.1% to $53.95 million from a year ago;
analysts
expected $56.49 million. 
    * Franklin BSP Realty Trust Inc's reported EPS for the
quarter was
35 cents​.
    * The company reported quarterly net income of $29.17
million.
    * Franklin BSP Realty Trust Inc shares had fallen by 4.9%
this
quarter and lost 6.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
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." 
    * 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 April 30 at
03:10 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
 Mar. 31 2024      0.39           0.41           Beat
 Dec. 31 2023      0.40           0.39           Missed
 Sep. 30 2023                     0.43           
 Jun. 30 2023      0.50           0.66           Beat