Starwood Property Trust Inc reports results for the quarter ended in June - Earnings Summary

Starwood Property Trust (Maryland)

06/08/2024 14:32

* Starwood Property Trust Inc  STWD.N  reported quarterly
adjusted
earnings of 48 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 49 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 49 cents per share. Wall Street
expected results to range from 40 cents to 52 cents per share.
    * Revenue fell 0.2% to $514.88 million from a year ago;
analysts
expected $519.33 million. 
    * Starwood Property Trust Inc's reported EPS for the quarter
was
25 cents​.
    * The company reported quarterly net income of $77.89
million.
    * Starwood Property Trust Inc shares had fallen by 0.5% this
quarter and lost 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
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," 4
"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 Starwood Property
Trust Inc is $22.00 
This summary was machine generated from LSEG data August 6 at
01:32 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      0.49           0.48           Missed
 Mar. 31 2024      0.47           0.59           Beat
 Dec. 31 2023      0.48           0.58           Beat
 Sep. 30 2023      0.47           0.49           Beat