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

Ladder Capital

25/07/2024 14:32

* Ladder Capital Corp  LADR.N  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 33 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 30 cents per share. Wall Street
expected results to range from 27 cents to 31 cents per share.
    * Revenue fell 13.1% to $88.52 million from a year ago;
analysts
expected $86.80 million. 
    * Ladder Capital Corp's reported EPS for the quarter was 26
cents​.
    * The company reported quarterly net income of $32.35
million.
    * Ladder Capital Corp shares had risen by 4.9% this
quarter and
gained 2.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Ladder Capital
Corp is $13.00 
This summary was machine generated from LSEG data July 25 at
01:31 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
 Jun. 30 2024      0.30           0.31           Beat
 Mar. 31 2024      0.29           0.33           Beat
 Dec. 31 2023      0.29           0.32           Beat
 Sep. 30 2023      0.30           0.31           Beat