Starwood Prop Trust Q4 Adj EPS $0.58 Beats $0.48 Estimate, Sales $522.28M Miss $534.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Starwood Prop Trust (STWD) reported Q4 adjusted earnings of $0.58 per share, surpassing the consensus estimate of $0.48 by 20.83%. However, their quarterly sales of $522.28 million fell short of the expected $534.67 million by 2.32%.
February 22, 2024 | 11:55 am
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NEUTRAL IMPACT
Starwood Prop Trust reported higher-than-expected Q4 earnings but missed sales estimates.
The positive earnings surprise could lead to a short-term positive sentiment among investors, offset by the slight miss in sales expectations. The net effect might be neutral as the market weighs both factors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100