Claros Mortgage Trust Q1 2024 Adj EPS $(0.12) Misses $0.20 Estimate, Sales $58.825M Miss $75.530M Estimate
Portfolio Pulse from Benzinga Newsdesk
Claros Mortgage Trust (CMTG) reported Q1 2024 adjusted EPS of $(0.12), missing the $0.20 estimate, and sales of $58.825M, below the $75.530M estimate. This represents a significant decrease in performance compared to the same period last year.
May 06, 2024 | 9:36 pm
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NEGATIVE IMPACT
Claros Mortgage Trust reported significant misses in both EPS and sales for Q1 2024, indicating a substantial decrease in performance year-over-year.
The substantial miss in both earnings per share and sales compared to analyst estimates and the previous year's performance suggests a negative short-term impact on CMTG's stock price. The magnitude of the miss, especially a 160% deviation from the EPS estimate and a 22.12% miss in sales forecasts, highlights significant underperformance that could shake investor confidence and lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100