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%.
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.