Commercial real estate lender Franklin BSP Realty Trust (NYSE: FBRT) will be reporting results this Wednesday after the bell. Here’s what to expect.
Franklin BSP Realty Trust missed analysts’ revenue expectations last quarter, reporting revenues of $60.39 million, up 6.1% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ net interest income and EPS estimates.
Is Franklin BSP Realty Trust a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Franklin BSP Realty Trust’s revenue to grow 45.3% year on year, slowing from the 113% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Franklin BSP Realty Trust has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Franklin BSP Realty Trust’s peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Northwest Bancshares delivered year-on-year revenue growth of 20.5%, beating analysts’ expectations by 1.2%, and Ladder Capital reported revenues up 2.4%, topping estimates by 3.3%. Ladder Capital’s stock price was unchanged following the results.
Read our full analysis of Northwest Bancshares’s results here and Ladder Capital’s results here.
Investors in the thrifts & mortgage finance segment have had steady hands going into earnings, with share prices flat over the last month. Franklin BSP Realty Trust is down 3.7% during the same time and is heading into earnings with an average analyst price target of $13 (compared to the current share price of $7.85).
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