Mark your calendars for Wednesday 30th October 2024, as Apollo Commercial Real Estate Finance (NYSE: ARI) will be revealing its third quarter financial results. This highly awaited announcement is scheduled to take place after market close, pave the way to review a period of expectation and anticipation.
According to the predictions of financial experts on Wall Street, the establishment is expected to announce an anticipated $0.26 profit per share for the quarter. Further, the firm is poised to disclose a total revenue of $49.93 million for the period.
Looking back at the corresponding quarter from the previous year, the company's earnings report revealed a per-share income of $0.37. This notable figure was attributed to the company's total revenue, which settled at an impressive $60.22 million during that specific quarter.
Projections for the company's annual performance have been shared by Wall Street analysts, with an estimated total revenue of $204.37 million. Furthermore, they are predicting profit of $1.19 per share for the full year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.35 | -23.9% | 51.76 M | -17.8% |
| Q1 2024 | $0.35 | -31.4% | 56.68 M | -20.2% |
| Q4 2023 | $0.36 | +16.1% | 58.01 M | -16.1% |
| Q3 2023 | $0.37 | 0% | 60.22 M | -2.7% |
| Q2 2023 | $0.46 | +31.4% | 62.96 M | +9.7% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 31st October 2024 at 09:00 AM eastern time to discuss Q3 financial results.
Apollo Commercial Real Estate Finance (ARI) closed Monday's regular trading session at $8.85, showing a 0.34 percent increase, with a volume of 1.43 million shares.
