TRTX - TPG RE Finance Trust Surpasses Q1 Earnings and Revenue Estimates | Benzinga
TPG RE Finance Trust (NYSE: TRTX) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 76.47%. A quarter ago, it was expected that this commercial real estate finance company would post a loss of $0.21 per share when it actually produced a loss of $2.05, delivering a surprise of -876.19%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
TPG RE Finance Trust, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $38.93 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 31.22%. This compares to year-ago revenues of $21.74 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings ...