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

Ladder Capital

26/10/2023 14:33

* Ladder Capital Corp  LADR.N  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 30 cents per share.
    * Revenue rose 41.6% to $101.09 million from a year ago;
analysts
expected $100.81 million. 
    * Ladder Capital Corp's reported EPS for the quarter was 25
cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Ladder Capital Corp shares had fallen by 10.8% this
quarter and
lost 8.9% so far this year.
    * The company reported quarterly net income of $31.32
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
October 26 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.30           0.31           Beat
 Jun. 30 2023      0.32           0.33           Beat
 Mar. 31 2023      0.30           0.38           Beat
 Dec. 31 2022      0.29           0.31           Beat