TPG RE Finance Trust TRTX shares ended the last trading session 5.6% higher at $7.18. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 19.1% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This commercial real estate finance company is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of -16.7%. Revenues are expected to be $36.67 million, down 5.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For TPG RE Finance Trust, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. A stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TRTX going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
TPG RE Finance Trust is part of the Zacks Real Estate - Operations industry. Bridge Investment Group Holdings Inc. BRDG, another stock in the same industry, closed the last trading session 16.8% higher at $8.97. BRDG has returned -16.3% in the past month.
For Bridge Investment Group
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TPG RE Finance Trust, Inc. (TRTX): Free Stock Analysis Report Bridge Investment Group Holdings Inc. (BRDG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
