Colony Capital, Inc. (NYSE:CLNY) is reporting third quarter earnings results on Friday 6th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.2 per share from $ 27.25 million in revenue.
For the full year, analysts predict revenues of $ 109.05 million, while looking forward to loss of $ 5.39 per share.
Previous Quarter Performance
Colony Capital, Inc. outlined loss for the second quarter of $ 0.09 per share, from the revenue of $ 22.38 million. The quarterly revenues down 36.17 percent compared with the same quarter last year. Street analysts expected Colony Capital, Inc. to report loss of $ 0.36 per share on revenue of $ 29.95 million for the second quarter. The bottom line results beat street analysts by $ 0.27 or 75.00 percent, at the same time, top line results fell short of analysts by $ 7.57 million or 25.28 percent.
Stock Performance
Shares of Colony Capital, Inc. traded up $ 0.06 or 1.63 percent on Thursday, reaching $ 3.74 with volume of 6.83 million shares. Colony Capital, Inc. has traded high as $ 3.83 and has cracked $ 3.66 on the downward trend
According to the previous trading day, closing price of $ 3.74, representing a 176.69 % increase from the 52 week low of $ 1.33 and a 33.45 % decrease over the 52 week high of $ 5.53.
The company has a market capital of $ 1.80 billion and is part of the Real Estate sector and REIT – Diversified industry.
Conference Call
Colony Capital, Inc. will be hosting a conference call at 10:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.clny.com
Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm with assets under management of $55 billion, which includes approximately $14 billion of assets under management from Digital Bridge, a leading global investment manager of digital infrastructure assets including cell towers, small cells, fiber and data centers. The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, and traded and non-traded real estate investment trusts.
