Ladder Capital Corp reports results for the quarter ended in September 30 - Earnings Summary

Ladder Capital

24/10/2024 17:00

* Ladder Capital Corp  LADR.N  reported quarterly adjusted
earnings of 30 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 31 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 27 cents per
share. Wall Street expected results to range from 24 cents to 29
cents per share.
    * Revenue fell 4.9% to $96.09 million from a year ago;
analysts
expected $84.57 million. 
    * Ladder Capital Corp's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $27.91
million.
    * Ladder Capital Corp shares had fallen by 5.4% this
quarter and
lost 4.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.9%
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 13.50 
This summary was machine generated from LSEG data October 24 at
04:00 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
 Sep. 30 2024      0.27           0.30           Beat
 Jun. 30 2024      0.30           0.31           Beat
 Mar. 31 2024      0.29           0.33           Beat
 Dec. 31 2023      0.29           0.32           Beat