Franklin BSP Realty Trust Q2 2024 Adj. EPS $0.31 Misses $0.40 Estimate, Sales $50.885M Miss $55.045M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin BSP Realty Trust (NYSE:FBRT) reported Q2 2024 adjusted EPS of $0.31, missing the $0.40 estimate by 22.5%. Sales were $50.885M, missing the $55.045M estimate by 7.56% and down 39.44% from $84.031M last year.
July 31, 2024 | 8:42 pm
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Franklin BSP Realty Trust reported Q2 2024 earnings and sales that missed analyst estimates. EPS was $0.31, missing the $0.40 estimate by 22.5%, and sales were $50.885M, missing the $55.045M estimate by 7.56%. Sales also decreased by 39.44% YoY.
The significant miss on both EPS and sales estimates, along with a substantial year-over-year decline in sales, is likely to negatively impact FBRT's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100