Blackstone Mortgage Trust (BXMT) Surpasses Q1 Earnings Estimates

Core Viewpoint - Blackstone Mortgage Trust (BXMT) reported quarterly earnings of $0.17 per share, significantly exceeding the Zacks Consensus Estimate of $0.01 per share, but down from $0.65 per share a year ago, indicating a substantial earnings surprise of 1,600% [1] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates for the last four quarters, with a notable earnings surprise of 237.50% in the previous quarter [2][1] - Blackstone Mortgage's revenues for the quarter ended March 2025 were $89.82 million, missing the Zacks Consensus Estimate by 22.85%, and down from $142.39 million year-over-year [2] Group 2: Stock Performance and Outlook - Blackstone Mortgage shares have increased by approximately 8.9% since the beginning of the year, contrasting with a decline of -5.5% in the S&P 500 [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook for upcoming quarters [4][3] Group 3: Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $120.36 million, and for the current fiscal year, it is $1.07 on revenues of $478.78 million [7] - The REIT and Equity Trust industry, to which Blackstone Mortgage belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, which may impact stock performance [8]