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Claros Mortgage Trust: Q4 Earnings Insights

Claros Mortgage Trust (NYSE:CMTG) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:30 PM. Here’s…
byBenzinga Insights
February 20, 2024
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Claros Mortgage Trust (NYSE:CMTG) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:30 PM.

Here’s what investors need to know about the announcement.

Earnings

Claros Mortgage Trust missed estimated earnings by 7.14%, reporting an EPS of $0.26 versus an estimate of $0.28.

Revenue was down $7.64 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.45 which was followed by a 3.55% drop in the share price the next day.

Here’s a look at Claros Mortgage Trust’s past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.29 0.3 0.36 0.38
EPS Actual -0.16 -0.1 0.29 0.38
Revenue Estimate 71.87M 80.99M 79.76M 70.29M
Revenue Actual 80.55M 80.92M 69.10M 83.62M

To track all earnings releases for Claros Mortgage Trust visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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