Ladder Capital Corp reports results for the quarter ended December 31 - Earnings Summary

• Ladder Capital Corp LADR.N reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of seven analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 24 cents to 32 cents per share.

• Revenue fell 22.3% to $78.10 million from a year ago; analysts expected $81.88 million.

• Ladder Capital Corp's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $31.38 million.

• Ladder Capital Corp shares had risen by 0.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.8% 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 "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the specialized reits peer group is also "buy"

Wall Street's median 12-month price target for Ladder Capital Corp is $13.50

This summary was machine generated from LSEG data February 6 at 02:32 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)