Starwood Property Trust Third Quarter 2024 Earnings: Misses Expectations

Starwood Property Trust (NYSE:STWD) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$75.3m (down 25% from 3Q 2023).
• Net income: US$74.3m (up 62% from 3Q 2023).
• Profit margin: 99% (up from 46% in 3Q 2023).
• EPS: US$0.23 (up from US$0.15 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Starwood Property Trust Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Mortgage REITs industry in the US.

Performance of the American Mortgage REITs industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Starwood Property Trust (at least 2 which make us uncomfortable), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.