Ladder Capital Corp reports results for the quarter ended in December - Earnings Summary

Ladder Capital

10/02/2023 24:26

* Ladder Capital Corp  LADR.N  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in
December. The mean expectation of six analysts for the quarter
was for earnings of 29 cents per share.
    * Revenue rose 78.7% to $94.69 million from a year ago;
analysts
expected $82.09 million. 
    * Ladder Capital Corp's reported EPS for the quarter was 48
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ladder Capital Corp shares had risen by 9.1% this quarter.
    * The company reported quarterly net income of $59.55
million.
    * Wall Street's median 12-month price target for Ladder
Capital
Corp is $13.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
10 at 12:26 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.29           0.31           Beat
 Sep. 30 2022      0.24           0.27           Beat
 Jun. 30 2022      0.24           0.34           Beat
 Mar. 31 2022      0.19           0.25           Beat