Starwood Prop Trust Q3 Adj $0.49 Beats $0.47 Estimate, Sales $521.55M Miss $523.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Starwood Prop Trust (NYSE:STWD) reported Q3 earnings of $0.49 per share, beating the analyst consensus estimate of $0.47 by 4.26%. However, this is a 3.92% decrease from the same period last year. The company's quarterly sales were $521.55 million, missing the analyst consensus estimate of $523.77 million by 0.42%, but showing a 33.54% increase from the same period last year.
November 08, 2023 | 11:53 am
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Starwood Prop Trust's Q3 earnings beat estimates but sales missed. While the earnings per share were higher than expected, they were lower than the same period last year. Sales, although higher than last year, missed estimates.
Starwood Prop Trust's Q3 results were mixed, with earnings beating estimates but lower than the same period last year, and sales missing estimates but higher than last year. This could lead to a neutral short-term impact on the stock as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100