Claros Mortgage Trust Q2 EPS $0.35 Beats $0.30 Estimate, Sales $80.92M Miss $80.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Claros Mortgage Trust (NYSE:CMTG) reported Q2 earnings of $0.35 per share, beating the analyst consensus estimate of $0.30 by 16.67%. However, this is a 18.6% decrease from the same period last year. The company's quarterly sales of $80.92 million missed the analyst consensus estimate of $80.99 million by 0.08%, but it's a 16.88% increase from the same period last year.
August 04, 2023 | 10:35 am
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Claros Mortgage Trust's Q2 earnings beat estimates but are down YoY. Sales missed estimates but are up YoY.
The company beat earnings estimates, which is positive, but the YoY decrease in earnings could be a concern for investors. The missed sales estimates might have a negative impact, but the YoY increase in sales is a positive sign. These mixed results make the short term impact neutral.
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