Chicago Atlantic Real Estate Fin Down 1.62% To $16.11 After Earnings Beat

Chicago Atlantic Real Estate Finance Inc (REFI) beat out earnings estimates for Q4 2023 this morning.

Analyst expectations for Chicago Atlantic Real Estate Fin earnings per share (EPS) were at $0.51, with the company surpassing those estimates with a reported EPS of $0.54, leading to a positive surprise of $0.03 per share (6%). Chicago Atlantic Real Estate Fin's earnings were down 5% year-over-year as the firm reported an EPS of $0.57 in its year-ago quarter. The negative annual growth shows the Real Estate company isn't performing well amid current economic conditions.

Consensus analyst estimates were at $16.1 million. The Real Estate company missed on those expectations for its fourth quarter with revenue of $14.8 million, a negative revenue surprise of $1.3 million (8%). The firm managed 1% growth year-over-year due to Chicago Atlantic Real Estate Fin reporting quarterly revenue of $14.8 million in its year-ago quarter. Chicago Atlantic Real Estate Fin achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is down 1.62% to $16.11 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Chicago Atlantic Real Estate Fin a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 52. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Chicago Atlantic Real Estate Finance Inc is engaged in a commercial real estate finance company.