Apollo Commercial Real Estate Finance Inc reports results for the quarter ended June 30 - Earnings Summary

• Apollo Commercial Real Estate Finance Inc ARI.N reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended June 30, 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 25 cents per share. Wall Street expected results to range from 20 cents to 27 cents per share.

• Revenue fell 16.8% to $43.07 million from a year ago; analysts expected $46.93 million.

• Apollo Commercial Real Estate Finance Inc's reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $17.67 million.

• Apollo Commercial Real Estate Finance Inc shares had risen by 0.8% this quarter and gained 12.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.8% 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 "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 "buy."

• Wall Street's median 12-month price target for Apollo Commercial Real Estate Finance Inc is $10.63, about 7.8% above its last closing price of $9.80

This summary was machine generated from LSEG data July 29 at 09:42 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)