Sunrise Realty Trust Inc reports results for the quarter ended June 30 - Earnings Summary

• Sunrise Realty Trust Inc SUNS.OQ reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended June 30. The mean expectation of four analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 26 cents to 28 cents per share.

• Revenue was $6.75 million​; analysts expected $7.09 million.

• Sunrise Realty Trust Inc's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $3.36 million.

• Sunrise Realty Trust Inc shares had fallen by 7.8% this quarter and lost 30.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Sunrise Realty Trust Inc is $12.25, about 20.2% above its last closing price of $9.77

This summary was machine generated from LSEG data August 7 at 06:46 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)