Franklin BSP Realty Trust Q3 2023 Adj EPS $0.43 Beats $0.40 Estimate, Sales $62.39M Beat $59.75M Estimate
Portfolio Pulse from bharat@benzinga.com
Franklin BSP Realty Trust (NYSE:FBRT) reported Q3 2023 earnings of $0.43 per share, beating the analyst consensus estimate of $0.40 by 7.5%. This is a 30.3% increase from the same period last year. The company also reported quarterly sales of $62.39 million, beating the analyst consensus estimate of $59.75 million by 4.41%. This is a 24.06% increase from the same period last year.
October 30, 2023 | 8:21 pm
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POSITIVE IMPACT
Franklin BSP Realty Trust reported better than expected Q3 2023 earnings and sales, with significant YoY increases. This could positively impact the company's stock in the short term.
Franklin BSP Realty Trust reported Q3 2023 earnings and sales that beat analyst estimates, with a 30.3% increase in earnings and a 24.06% increase in sales YoY. This positive financial performance could increase investor confidence and demand for the stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100