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BXMTBearishEarningsnews
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Blackstone Mortgage Trust (BXMT) Q2 Earnings Beat Estimates

Jul 24, 2024, 9:26 AM EDT1 sourcesAI-analyzed

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BXMT reported Q2 earnings of $0.56, exceeding estimates by 12%. Revenue of $126.77 million missed estimates, down from $177.34 million last year. Current Zacks Rank for BXMT is #5, indicating a strong sell sentiment. BXMT shares are down 7.7% YTD versus S&P 500's 16.5% gain. Future performance depends on management's commentary and earnings estimate trends.

  • BXMT reported Q2 earnings of $0.56, exceeding estimates by 12%.
  • Revenue of $126.77 million missed estimates, down from $177.34 million last year.
  • Current Zacks Rank for BXMT is #5, indicating a strong sell sentiment.
  • BXMT shares are down 7.7% YTD versus S&P 500's 16.5% gain.
  • Future performance depends on management's commentary and earnings estimate trends.

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