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

Apollo Commercial Real Estate Finance

30/10/2023 22:34

* Apollo Commercial Real Estate Finance Inc  ARI.N  reported
quarterly adjusted earnings of 37 cents​​ per share for the
quarter ended in September. The mean expectation of six analysts
for the quarter was for earnings of 35 cents per share.
    * Revenue fell 21.1% to $60.22 million from a year ago;
analysts
expected $78.00 million. 
    * Apollo Commercial Real Estate Finance Inc's reported EPS
for the
quarter was 30 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Apollo Commercial Real Estate Finance Inc shares
had fallen
by 7.9% this quarter and lost 13.3% so far this year.
    * The company reported quarterly net income of $43 million.
    * Wall Street's median 12-month price target for Apollo
Commercial
Real Estate Finance Inc is $10.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 10:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.35           0.37           Beat
 Jun. 30 2023      0.38           -0.11          Missed
 Mar. 31 2023      0.41           0.48           Beat
 Dec. 31 2022      0.35           0.31           Missed