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

Ladder Capital

27/10/2022 23:19

* Ladder Capital Corp  LADR.N  reported quarterly adjusted
earnings of 27 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 24 cents per share.
    * Revenue rose 54.4% to $71.37 million from a year ago;
analysts
expected $70.38 million. 
    * Ladder Capital Corp's reported EPS for the quarter was 23
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 14.2% this
quarter and
lost 14.7% so far this year.
    * The company reported quarterly net income of $28.58
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 October
27 at 10:19 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.24           0.27           Beat
 Jun. 30 2022      0.24           0.34           Beat
 Mar. 31 2022      0.19           0.25           Beat
 Dec. 31 2021      0.15           0.21           Beat