TPG RE Finance Trust Q2 EPS $(0.18) Misses $0.16 Estimate, Sales $32.63M Beat $26.82M Estimate
Portfolio Pulse from mahesh@benzinga.com
TPG RE Finance Trust (NYSE:TRTX) reported Q2 losses of $(0.18) per share, missing the analyst consensus estimate of $0.16 by 212.5%. This is a 166.67% decrease from the same period last year. However, the company reported quarterly sales of $32.63 million, beating the analyst consensus estimate of $26.82 million by 21.68%, but still a 15.55% decrease from last year.
August 04, 2023 | 10:36 am
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TPG RE Finance Trust's Q2 earnings missed estimates significantly, reporting a loss per share. However, sales beat estimates but are still down YoY.
The company's earnings per share missed estimates significantly, which is likely to negatively impact the stock price. However, the sales beat estimates, which could provide some support to the stock. The overall YoY decrease in both earnings and sales could be a concern for investors.
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IMPORTANCE 80
RELEVANCE 100