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

Ladder Capital

08/02/2024 17:28

* Ladder Capital Corp  LADR.N  reported quarterly adjusted
earnings of 32 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
six analysts for the quarter was for earnings of 29 cents per
share. Wall Street expected results to range from 26 cents to 33
cents per share.
    * Revenue rose 6.2% to $100.57 million from a year ago;
analysts
expected $98.53 million. 
    * Ladder Capital Corp's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $19.24
million.
    * Ladder Capital Corp shares had fallen by 8.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Ladder
Capital
Corp is $12.25 

This summary was machine generated from LSEG data February 8 at
05:27 p.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      0.29           0.32           Beat
 Sep. 30 2023      0.30           0.31           Beat
 Jun. 30 2023      0.32           0.33           Beat
 Mar. 31 2023      0.30           0.38           Beat