Claros Mortgage Trust Q2 Adj EPS $(0.10) Misses $0.30 Estimate, Sales $80.92M Miss $80.99M Estimate
Portfolio Pulse from vinayak@benzinga.com
Claros Mortgage Trust (NYSE:CMTG) reported Q2 losses of $(0.10) per share, missing the analyst consensus estimate of $0.30 by 133.33%. This is a 123.26% decrease from the same period last year. The company also reported quarterly sales of $80.92 million, missing the analyst consensus estimate of $80.99 million by 0.08%. However, this is a 16.88% increase from the same period last year.
August 04, 2023 | 10:36 am
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Claros Mortgage Trust's Q2 earnings and sales missed analyst estimates, which could negatively impact its stock price in the short term.
Claros Mortgage Trust reported lower than expected earnings and sales for Q2. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100