Franklin BSP (FBRT) Q1 Earnings Top Estimates

Core Viewpoint - Franklin BSP (FBRT) reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, but down from $0.41 per share a year ago, indicating a 24.39% year-over-year decline in earnings [1][2] Financial Performance - The company posted revenues of $50.11 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 9.76% and down from $53.95 million year-over-year, reflecting a 5.43% decline [2] - Over the last four quarters, Franklin BSP has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - Franklin BSP shares have declined approximately 7.3% since the beginning of the year, compared to a decline of 6.1% for the S&P 500 [3] - The current Zacks Rank for Franklin BSP is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.33 on revenues of $57.12 million, and for the current fiscal year, it is $1.35 on revenues of $229.69 million [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The REIT and Equity Trust industry, to which Franklin BSP belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]