Claros Mortgage Trust, Inc. (CMTG) lags third quarter earnings and earnings estimates

Claros Mortgage Trust, Inc. (CMTG) posted quarterly earnings of $0.33 per share, below the Zacks Consensus estimate of $0.36 per share. That compares to his earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report presents an earnings surprise of -8.33%. A quarter ago, the company was expected to post his $0.50 earnings per share, but he actually made $0.43 earnings, a -14% surprise. .

In the past four quarters, the company has beaten consensus EPS estimates just once.

Claros Mortgage Trust Co., Ltd.Zacks REIT and Equity Trust, which belongs to the industry, posted revenue of $76.42 million in the quarter ended September 2022, 1.68% below the Zacks Consensus estimate. This compares to last year’s earnings of $64.36 million. The company has failed to beat consensus earnings estimates over the past four quarters.

The sustainability of the immediate share price movement based on recent figures and future earnings projections depends primarily on management’s comments on the financial results.

Claros Mortgage Trust, Inc. shares are up about 0.7% year-to-date against a -19.7% decline in the S&P 500.

Next Steps for Claros Mortgage Trust, Inc.

Claros Mortgage Trust, Inc. has outperformed the market so far this year, but the question on the minds of investors is: what next for equities?

There is no easy answer to this important question, but one reliable metric that can help investors address this is a company’s earnings outlook. This includes not only the current consensus earnings projections for the next quarter, but also how those projections have changed recently.

Empirical studies show a strong correlation between short-term stock price movements and earnings forecast revision trends. Investors can track such revisions themselves or rely on proven valuation tools like Zacks Rank, which has an impressive track record of harnessing the power of revenue forecast revisions.

ahead Financial results announcement, Claros Mortgage Trust, Inc. Quote Correction Trends Are Positive. The magnitude and direction of the quote revision could change according to the company’s just-released earnings report, but the current situation translates to a Rank 2 (buy) on Zak’s stock. As such, the stock is expected to outperform the market in the near can see Here is the complete list of today’s #1 (strong buy) Zachs stocks..

It will be interesting to see how estimates for the coming quarters and the current fiscal year change going forward. Current consensus EPS estimates are $0.42 on next quarter earnings of $89.39 million and $1.45 on earnings of $327.21 million for the current fiscal year.

Investors should be mindful of the fact that industry outlook can also have a significant impact on stock price performance. In terms of Zacks industry ranks, REIT and Equity Trust are currently in the bottom 27% of his Zacks industry of over 250. Our research shows that the top 50% of industries ranked by Zacks are more than twice as good as the bottom 50%.

BM Technologies, Inc. (BMTX), another stake in the broader Zacks Finance division, has yet to report results for the quarter ended September 2022.

The company is expected to post break-even quarterly earnings per share in its next report, showing a -100% change year-over-year. The quarterly consensus EPS estimate has not changed in the last 30 days.

BM Technologies, Inc. revenue is expected to increase 2.5% year-over-year to $22.51 million.

Sachs Names ‘Best Single-to-Double Pick’

Out of thousands of stocks, each of our five Zacks experts picked their favorites to surge +100% or more in the coming months. Out of these five, research director Heraz Mian chose her one with the most explosive advantages.

A little-known chemical company, up 65% from last year, but still cheap. With relentless demand, his skyrocketing earnings forecast for 2022, and a $1.5 billion stock buyback, retail investors are ready to jump in.

The company matches other recent Zacks stock doublings as Boston Beer Company surges +143.0% in just over nine months and NVIDIA surges +175.9% in a year. or may exceed it.

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The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

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