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Market Overview

Blackstone Mortgage Trust Earnings Preview

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On Wednesday, February 10, Blackstone Mortgage Trust (NYSE:BXMT) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Sell-side analysts expect Blackstone Mortgage Trust's EPS to be near $0.61 on sales of $114.97 million. In the same quarter last year, Blackstone Mortgage Trust reported earnings per share of $0.68 on sales of $109.71 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 10.29% decrease in the company's earnings. Sales would be up 4.79% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 0.58 0.56 0.64 0.64
EPS Actual 0.63 0.62 0.64 0.68
Revenue Estimate 107.11 M 97.46 M 107.15 M 105.93 M
Revenue Actual 114.96 M 107.13 M 100.64 M 109.71 M

Stock Performance

Shares of Blackstone Mortgage Trust were trading at $29.11 as of February 08. Over the last 52-week period, shares are down 28.42%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Blackstone Mortgage Trust is scheduled to hold the call at 09:00:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings