Colony Credit Real Estate, Inc. (NYSE:CLNC) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.16 per share.
For the full year, analysts predict revenues of $ 369.90 million, while looking forward to loss of $ 0.35 per share.
Previous Quarter Performance
Colony Credit Real Estate, Inc. reported income for the second quarter of $ 0.26 per share, from the revenue of $ 60.30 million. Wall street analysts are predicting, CLNC to report 2Q20 income of $ 0.18 per share from revenue of $ 79.20 million. The bottom line results beat street analysts by $ 0.08 or 44.44 percent, at the same time, top line results fell short of analysts by $ 18.9 million or 23.86 percent.
Stock Performance
Shares of Colony Credit Real Estate, Inc. traded low $ -0.24 or -4.44 percent on Wednesday, reaching $ 5.17 with volume of 345.00 thousand shares. Colony Credit Real Estate, Inc. has traded high as $ 5.30 and has cracked $ 5.11 on the downward trend
The closing price of $ 5.17, representing a 119.92 % increase from the 52 week low of $ 2.46 and a 62.77 % decrease over the 52 week high of $ 14.53.
The company has a market capital of $ 664.77 million and is part of the Real Estate sector and REIT – Office industry.
Conference Call
Colony Credit Real Estate, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th 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.clncredit.com
Colony Credit Real Estate, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.
