Apollo Commercial Real Estate Finance (NYSE:ARI) is set to announce third quarter earning results on Monday 26th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ARI to report 3Q20 income of $ 0.30 per share.
For the full year, analysts anticipate top line of $ 288.53 million, while looking forward to income of $ 1.18 per share bottom line.
Previous Quarter Performance
Apollo Commercial Real Estate Finance communicated income for the second quarter of $ 0.38 per share, from the revenue of $ 70.76 million. The quarterly revenues contracted 14.54 percent compared with the same quarter last year. Wall street analysts are predicting, ARI to report 2Q20 income of $ 0.29 per share from revenue of $ 67.90 million. The bottom line results beat street analysts by $ 0.09 or 31.03 percent, at the same time, top line results outshined analysts by $ 2.86 million or 4.21 percent.
Stock Performance
On Friday, shares of Apollo Commercial Real Estate Finance has traded high as $ 9.21 and has cracked $ 9.04 on the downward trend, reaching $ 9.18 with volume of 678.30 thousand shares.
According to the previous trading day, closing price of $ 9.18, representing a 118.20 % increase from the 52 week low of $ 4.12 and a 52.56 % decrease over the 52 week high of $ 18.95.
The company has a market capital of $ 1.36 billion and is part of the Real Estate sector and REIT – Diversified industry.
Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.
