News
What the key metrics have to say
TPG RE Finance Trust (TRTX) reported $39.3 million in revenue for the quarter ended June 2024, representing a 20.5% increase from a year ago. EPS of $0.28 for the same period compares to -$0.18 a year ago.
The reported revenue represents a +2.31% surprise to the Zacks Consensus Estimate of $38.42 million. With the consensus EPS estimate being $0.28, the company delivered no EPS surprise.
While investors closely monitor annual changes in key numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, a few key metrics always provide a better view of a company’s underlying performance.
Since these metrics play a crucial role in determining revenue and profit figures, comparing them to the previous year’s figures and what analysts estimated about them helps investors better project a stock’s price performance.
Here’s how TPG RE Finance Trust fared in the just-reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
-
Net interest income
: $27.53 million, compared with the average estimate of $28.42 million based on two analysts.
-
Other income, net
: $3.49 million versus the average estimate of two analysts of $3.40 million.
-
Total other income
: $11.78 million versus the average estimate of two analysts of $10 million.
-
Revenue from own real estate operations
: US$8.28 million versus US$6.60 million estimated by two analysts on average.
See all key company metrics for TPG RE Finance Trust here>>>
TPG RE Finance Trust shares have returned +4.4% over the past month, compared with the Zacks S&P 500 composite’s +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TPG RE Finance Trust, Inc. (TRTX): Free Stock Analysis Report