Franklin BSP Realty Trust Q4 2023 Adj EPS $0.39 Misses $0.40 Estimate, Sales $54.76M Miss $58.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin BSP Realty Trust (FBRT) reported Q4 2023 adjusted EPS of $0.39, missing the $0.40 estimate, and sales of $54.76M, below the $58.62M estimate. This represents a 3.18% decrease in sales compared to the same period last year.
February 14, 2024 | 9:48 pm
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Franklin BSP Realty Trust reported a miss on both adjusted EPS and sales for Q4 2023, with a year-over-year decrease in sales.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term. The year-over-year decrease in sales further compounds concerns about the company's growth trajectory, likely leading to downward pressure on the stock price.
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