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

Ladder Capital

25/04/2024 18:11

* Ladder Capital Corp  LADR.N  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 38 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 21 cents to 32 cents per share.
    * Revenue fell 7.6% to $95.91 million from a year ago;
analysts
expected $96.63 million. 
    * Ladder Capital Corp's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $16.61
million.
    * Ladder Capital Corp shares had fallen by 5.7% this
quarter and
lost 8.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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." 
    * 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 $12.50 
This summary was machine generated from LSEG data April 25 at
05:11 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
 Mar. 31 2024      0.29           0.33           Beat
 Dec. 31 2023      0.29           0.32           Beat
 Sep. 30 2023      0.30           0.31           Beat
 Jun. 30 2023      0.32           0.33           Beat