Blackstone Mortgage Trust Inc reports results for the quarter ended September 30 - Earnings Summary

• Blackstone Mortgage Trust Inc BXMT.N reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of eight analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 9 cents to 41 cents per share.

• Revenue fell 34.9% to $64.42 million from a year ago; analysts expected $76.97 million.

• Blackstone Mortgage Trust Inc's reported EPS for the quarter was a loss of $1.95​.

• The company reported a quarterly loss of $327.01 million.

• Blackstone Mortgage Trust Inc shares had fallen by 7.8% this quarter and lost 44.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Blackstone Mortgage Trust Inc is $16.00, about 34% above its last closing price of $10.56

This summary was machine generated from LSEG data October 29 at 03:43 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)