Chicago Atlantic Real Estate Finance, Inc. (REFI) Tops Q3 Earnings and Revenue Estimates

Core Insights - Chicago Atlantic Real Estate Finance, Inc. reported quarterly earnings of $0.49 per share, exceeding the Zacks Consensus Estimate of $0.46 per share, but down from $0.56 per share a year ago, resulting in an earnings surprise of +6.52% [1] - The company posted revenues of $13.69 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.44%, although this is a decline from $14.46 million in the same quarter last year [2] - The stock has underperformed, losing about 15.2% year-to-date compared to the S&P 500's gain of 16.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $13.81 million, and for the current fiscal year, it is $1.84 on revenues of $54.51 million [7] - The estimate revisions trend for the company was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Financial - Miscellaneous Services industry, to which the company belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]