Ladder Capital Q2 Earnings and Revenues Top Estimates
Ladder Capital (NYSE: LADR) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this commercial real estate mortgage origination and finance company would post earnings of $0.31 per share when it actually produced earnings of $0.33, delivering a surprise of 6.45%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Ladder Capital, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $76.73 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 23.45%. This compares to year-ago revenues of $74.15 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings …
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