Claros Mortgage Trust Q2 2024 Adj. EPS $0.20 Beats $0.17 Estimate, Sales $64.487M Beat $53.660M Estimate
Portfolio Pulse from Benzinga Newsdesk
Claros Mortgage Trust (NYSE:CMTG) reported Q2 2024 adjusted EPS of $0.20, beating the $0.17 estimate by 17.65%. Sales were $64.487M, surpassing the $53.660M estimate by 20.18%, but down 20.31% from $80.925M last year.
August 05, 2024 | 8:40 pm
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Claros Mortgage Trust reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.20 beating estimates by 17.65% and sales of $64.487M exceeding expectations by 20.18%. However, sales declined 20.31% year-over-year.
The better-than-expected earnings and sales figures are likely to have a positive short-term impact on CMTG's stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
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