Apollo Commercial Real Estate Finance Inc reports results for the quarter ended March 31 - Earnings Summary

• Apollo Commercial Real Estate Finance Inc ARI.N reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of six analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 16 cents to 24 cents per share.

• Revenue fell 30.3% to $39.49 million from a year ago; analysts expected $49.35 million.

• Apollo Commercial Real Estate Finance Inc's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of $22.92 million.

• Apollo Commercial Real Estate Finance Inc shares had fallen by 5.0% this quarter and gained 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "hold"

• Wall Street's median 12-month price target for Apollo Commercial Real Estate Finance Inc is $9.75

This summary was machine generated from LSEG data April 24 at 09:02 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)