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

Apollo Commercial Real Estate Finance

30/04/2024 03:11

* Apollo Commercial Real Estate Finance Inc  ARI.N  reported
quarterly adjusted earnings of 35 cents​​ per share for the
quarter ended in March, lower than the same quarter last year,
when the company reported EPS of 48 cents.  The mean expectation
of six analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 22 cents to 36
cents per share.
    * Revenue fell 34.9% to $56.68 million from a year ago;
analysts
expected $58.45 million. 
    * Apollo Commercial Real Estate Finance Inc's reported EPS
for the
quarter was a loss of 76 cents​.
    * The company reported a quarterly loss of $107.59 million.
    * Apollo Commercial Real Estate Finance Inc shares
had fallen
by 3.1% this quarter and lost 8.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
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," 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 $11.00 
This summary was machine generated from LSEG data April 30 at
02:11 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
 Mar. 31 2024      0.30           0.35           Beat
 Dec. 31 2023      0.34           0.36           Beat
 Sep. 30 2023      0.35           0.37           Beat
 Jun. 30 2023      0.38           -0.11          Missed