From Nasdaq:

BrightSpire (BRSP) exceeded earnings expectations, reporting $0.28 per share, higher than the $0.25 per share Zacks Consensus Estimate and the $0.27 per share from a year ago. With a 12% earnings surprise and consistent top predictions over the past four quarters, the real estate investment trust’s performance is notably promising.

However, Colony Credit’s revenues of $30.21 million missed the December 2023 quarter’s Zacks Consensus Estimate by 4.28%. Although the company has surpassed consensus revenue estimates twice in the last four quarters, its shares have dropped by 10.9% from the start of the year amid the S&P 500’s 4.3% gain.

Earnings outlook for Colony Credit will be pivotal in gauging the company’s future performance. The current Zacks Rank #3 (Hold) status for the stock reflects a mixed estimate revisions trend for the company preceding the earnings release. Forecasts for the upcoming quarter and current fiscal year rest on consensus EPS estimates of $0.24 and $0.99, respectively.

AFC Gamma Inc.’s aren’t out yet, and the results, set to be released on March 7, are highly anticipated. A projected $0.50 per share earnings for the company will be a 19.4% decline year-over-year, alongside a 15.7% drop in revenues to $18.06 million.

Zacks Investment Research recommends keeping an eye out for AFC Gamma Inc.’s anticipated results and ongoing investment opportunities in the market. The investment firm claims to have identified “5 Stocks Set to Double” by +100% or more in the year.



Read more: BrightSpire (BRSP) Q4 Earnings Top Estimates