Claros Mortgage Trust: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Claros Mortgage Trust (NYSE:CMTG) reported Q4 earnings with an EPS of $0.26, missing estimates by 7.14% and a revenue decrease of $7.64 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters.
February 20, 2024 | 9:40 pm
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Claros Mortgage Trust reported lower than expected Q4 earnings and a significant revenue drop from the previous year.
Given the reported earnings miss and the historical context of the stock price dropping after missing EPS estimates in the previous quarter, it's likely that CMTG's stock price will face downward pressure in the short term. The pattern of missing earnings estimates and the subsequent negative impact on the stock price suggests a similar outcome following this earnings report.
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