Earnings Preview: Claros Mortgage Trust
Portfolio Pulse from Benzinga Insights
Claros Mortgage Trust (NYSE:CMTG) is scheduled to release its quarterly earnings report on February 20, 2024, with an expected EPS of $0.28. The company's past earnings performance shows a history of not meeting EPS estimates, leading to negative stock price reactions. Shares are currently trading at $10.11, reflecting a 25.58% decrease over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 19, 2024 | 7:01 pm
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NEGATIVE IMPACT
Claros Mortgage Trust is expected to report an EPS of $0.28 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, negatively impacting stock prices. Currently, shares have decreased by 25.58% over the last year.
Given Claros Mortgage Trust's history of not meeting EPS estimates and the subsequent negative reactions in its stock price, it is likely that any deviation from the expected EPS of $0.28 could lead to a further decrease in stock price. The historical data shows a clear pattern of stock price decline following earnings reports that do not meet expectations. Additionally, the current year-to-date performance indicates a bearish trend, which could be exacerbated by another disappointing earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100