Starwood Prop Trust Q1 2024 GAAP EPS $0.48 Beats $0.31 Estimate, Sales $430.55M Miss $541.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Starwood Prop Trust (STWD) reported Q1 2024 GAAP EPS of $0.48, surpassing the $0.31 estimate, but its sales of $430.55M fell short of the $541.00M estimate, marking a 12.21% decrease from the previous year.
May 08, 2024 | 11:00 am
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Starwood Prop Trust's EPS beat estimates but sales missed expectations and showed a year-over-year decline.
While the EPS beat is positive, the significant miss on sales and the year-over-year decline could temper investor enthusiasm, leading to a neutral short-term impact on STWD's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100