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

Ladder Capital

26/07/2023 22:48

* Ladder Capital Corp  LADR.N  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 32 cents per share.
    * Revenue rose 56% to $101.83 million from a year ago;
analysts
expected $98.89 million. 
    * Ladder Capital Corp's reported EPS for the quarter was 23
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Ladder Capital Corp shares had risen by 4.5% this
quarter and
gained 12.9% so far this year.
    * The company reported quarterly net income of $28.16
million.
    * Wall Street's median 12-month price target for Ladder
Capital
Corp is $12.00 
    * 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 LSEG Refinitiv data July
26 at 09:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.32           0.33           Beat
 Mar. 31 2023      0.30           0.38           Beat
 Dec. 31 2022      0.29           0.31           Beat
 Sep. 30 2022      0.24           0.27           Beat