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

Ladder Capital

28/07/2022 23:37

* Ladder Capital Corp  LADR.N  reported quarterly adjusted
earnings of 34 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 24 cents per share.
    * Revenue rose 73.7% to $65.27 million from a year ago;
analysts
expected $64.91 million. 
    * Ladder Capital Corp's reported EPS for the quarter was 28
cents​.
    * The mean earnings estimate of analysts had fallen 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. 
    * Ladder Capital Corp shares had risen by 9.8% this
quarter and
lost 3.5% so far this year.
    * The company reported quarterly net income of $35.05
million.
    * Wall Street's median 12-month price target for Ladder
Capital
Corp is $13.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 28
at 10:36 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.24           0.34           Beat
 Mar. 31 2022      0.19           0.25           Beat
 Dec. 31 2021      0.15           0.21           Beat
 Sep. 30 2021      0.10           0.14           Beat