Chicago Atlantic Real Estate Finance, Inc. (REFI) Q1 Earnings Surpass Estimates

Company Performance - Chicago Atlantic Real Estate Finance, Inc. reported quarterly earnings of $0.46 per share, exceeding the Zacks Consensus Estimate of $0.45 per share, but down from $0.52 per share a year ago, representing an earnings surprise of 2.22% [1] - The company posted revenues of $13.04 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 6.38%, and down from $15.34 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Outlook - The stock has underperformed the market, losing about 5.3% since the beginning of the year compared to the S&P 500's decline of 4.7% [3] - The current consensus EPS estimate for the coming quarter is $0.47 on revenues of $14.13 million, and for the current fiscal year, it is $1.83 on revenues of $56.98 million [7] - The estimate revisions trend for the company is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Chicago Atlantic belongs, is currently in the bottom 43% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]