Blackstone Mortgage Trust Inc reports results for the quarter ended in March - Earnings Summary

• Blackstone Mortgage Trust Inc BXMT reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 79 cents. The mean expectation of eight analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 25 cents to 64 cents per share.

• Revenue fell 18.3% to $142.39 million from a year ago; analysts expected $147.20 million.

• Blackstone Mortgage Trust Inc's reported EPS for the quarter was a loss of 71 cents​.

• The company reported a quarterly loss of $123.84 million.

• Blackstone Mortgage Trust Inc shares had fallen by 3.9% this quarter and lost 10.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 24.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the specialized reits peer group is also "hold"

Wall Street's median 12-month price target for Blackstone Mortgage Trust Inc is $21.00

This summary was machine generated from LSEG data April 24 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)