Commercial real estate lender Starwood Property Trust (NYSE:STWD) will announce earnings results before market hours. Last quarter, they missed revenue expectations by 20.4%, reporting revenues of $165.5 million, down 11.2% year on year. Analysts anticipate revenue to decline by 12.4% year on year to $159.7 million, with adjusted earnings expected at $0.44 per share.
Analysts reconfirmed estimates for Starwood Property Trust, anticipating the business will stay the course heading into earnings. The company has missed Wall Street’s revenue estimates twice in the past two years. Peers in the thrifts & mortgage finance segment have reported Q3 results, with PennyMac Financial Services and Ellington Financial showing revenue growth of 10.6% and 23.6% respectively.
Investors in the thrifts & mortgage finance segment have seen steady hands with share prices up 1.4% on average over the last month. Starwood Property Trust’s stock price was unchanged during the same time and has an average analyst price target of $21.86. The company is heading into earnings with anticipation.
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Read more at Yahoo Finance: Starwood Property Trust (STWD) Reports Earnings Tomorrow: What To Expect
