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

Apollo Commercial Real Estate Finance

07/08/2024 02:45

* Apollo Commercial Real Estate Finance Inc  ARI.N  reported
quarterly adjusted earnings of 35 cents​​ per share for the
quarter ended in June, higher than the same quarter last year,
when the company reported EPS of -11 cents.  The mean
expectation of six analysts for the quarter was for earnings of
31 cents per share. Wall Street expected results to range from
18 cents to 36 cents per share.
    * Revenue fell 12% to $81.11 million from a year ago;
analysts
expected $58.65 million. 
    * Apollo Commercial Real Estate Finance Inc's reported EPS
for the
quarter was 23 cents​.
    * The company reported quarterly net income of $32.72
million.
    * Apollo Commercial Real Estate Finance Inc shares had risen
by 2.7% this quarter and lost 14.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 1 "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 $10.00 
This summary was machine generated from LSEG data August 7 at
01:45 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
 Jun. 30 2024      0.31           0.35           Beat
 Mar. 31 2024      0.30           0.35           Beat
 Dec. 31 2023      0.34           0.36           Beat
 Sep. 30 2023      0.35           0.37           Beat