Yahoo Finance BrightSpire Capital First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
BrightSpire Capital (NYSE:BRSP) First Quarter 2024 Results
Key Financial Results
Revenue: US$95.8m (down 13% from 1Q 2023).
Net loss: US$57.1m (loss widened by US$53.0m from 1Q 2023).
US$0.44 loss per share (further deteriorated from US$0.033 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BrightSpire Capital Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is expected to decline by 39% p.a. on average during the next 2 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 31%.
Performance of the American Mortgage REITs industry.
The company's shares are down 2.5% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with BrightSpire Capital, and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
