TPG RE Finance Trust (TRTX) Q1 Earnings and Revenues Beat Estimates

By Zacks4 days ago

TPG RE Finance Trust (TRTX) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $2.20 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 35%. A quarter ago, it was expected that this commercial real estate finance company would post earnings of $0.34 per share when it actually produced earnings of $0.15, delivering a surprise of -55.88%.

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Over the last four quarters, the company has surpassed consensus EPS estimates three times.

TPG RE Finance Trust, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $37.95 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 2.50%. This compares to year-ago revenues of $43.62 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 call.

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