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Franklin BSP (FBRT) Reports Q3 Loss, Lags Revenue Estimates

Core Viewpoint - Franklin BSP (FBRT) reported a quarterly loss of $0.10 per share, significantly missing the Zacks Consensus Estimate of $0.26, and down from earnings of $0.43 per share a year ago, indicating a negative earnings surprise of -138.46% [1] Financial Performance - The company posted revenues of $49.67 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.86%, and down from $62.39 million in the same quarter last year [2] - Over the last four quarters, Franklin BSP has consistently failed to surpass consensus EPS and revenue estimates [2] Stock Performance - Franklin BSP shares have declined approximately 3.9% since the beginning of the year, contrasting with the S&P 500's gain of 20.1% [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at $0.41 for the coming quarter and $1.38 for the current fiscal year [4][7] - The estimate revisions trend for Franklin BSP is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] Industry Context - The REIT and Equity Trust industry, to which Franklin BSP belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges ahead [8]