Apollo Commercial Real Estate Finance Inc reports results for the quarter ended in December - Earnings Summary

Apollo Commercial Real Estate Finance

07/02/2024 03:47

* Apollo Commercial Real Estate Finance Inc  ARI.N  reported
quarterly adjusted earnings of 36 cents​​ per share for the
quarter ended in December, higher than the same quarter last
year, when the company reported EPS of 31 cents.  The mean
expectation of seven analysts for the quarter was for earnings
of 34 cents per share. Wall Street expected results to range
from 27 cents to 40 cents per share.
    * Revenue fell 33.4% to $58.01 million from a year ago;
analysts
expected $65.33 million. 
    * Apollo Commercial Real Estate Finance Inc's reported EPS
for the
quarter was breakeven results​.
    * The company reported quarterly net income of $43.47
million.
    * Apollo Commercial Real Estate Finance Inc shares
had fallen
by 6.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.2%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Apollo Commercial
Real Estate Finance Inc is $10.50 
This summary was machine generated from LSEG data February 7 at
03:47 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.34           0.36           Beat
 Sep. 30 2023      0.35           0.37           Beat
 Jun. 30 2023      0.38           -0.11          Missed
 Mar. 31 2023      0.41           0.48           Beat