Chicago Atlantic Real Estate Finance, Inc. (REFI) Q3 Earnings Surpass Estimates

Company Performance - Chicago Atlantic Real Estate Finance, Inc. reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.55 per share, but down from $0.57 per share a year ago, representing an earnings surprise of 1.82% [1] - The company posted revenues of $14.46 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.57%, compared to $13.73 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance - Chicago Atlantic Real Estate Finance shares have declined approximately 3.7% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.53 on revenues of $15.15 million, and for the current fiscal year, it is $2.10 on revenues of $58.39 million [7] Industry Outlook - The Zacks Industry Rank for Financial - Miscellaneous Services is currently in the top 31% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]