Exantas Capital Corp. (NYSE:XAN) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, XAN to report 3Q20 income of $ 0.09 per share.
For the full year, analysts anticipate top line of $ 48.90 million, while looking forward to income of $ 0.52 per share bottom line.
Previous Quarter Performance
Exantas Capital Corp. posted income for the second quarter of $ 0.24 per share, from the revenue of $ 14.72 million. Wall street analysts are predicting, XAN to report 2Q20 income of $ 0.18 per share from revenue of $ 13.45 million. The bottom line results beat street analysts by $ 0.06 or 33.33 percent, at the same time, top line results outshined analysts by $ 1.27 million or 9.44 percent.
Stock Performance
Shares of Exantas Capital Corp. traded up $ 0.10 or 4.76 percent on Tuesday, reaching $ 2.20 with volume of 647.20 thousand shares. Exantas Capital Corp. has traded high as $ 2.22 and has cracked $ 2.10 on the downward trend
According to the previous trading day, closing price of $ 2.20, representing a 121.05 % increase from the 52 week low of $ 0.95 and a 83.21 % decrease over the 52 week high of $ 12.51.
The company has a market capital of $ 70.56 million and is part of the Real Estate sector and REIT – Diversified industry.
Conference Call
Exantas Capital Corp. will be hosting a conference call at 5:00 PM eastern time on 4th 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.exantas.com
Exantas Capital Corp., a real estate investment trust, primarily focuses on the origination, holding, and management of commercial mortgage loans and commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments related to commercial real estate (CRE), commercial mortgage-backed securities, and CRE equity investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes.
