Ladder Capital (LADR - Free Report) reported $74.15 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 11.6%. EPS of $0.33 for the same period compares to $0.34 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $68.89 million, representing a surprise of +7.63%. The company delivered an EPS surprise of +6.45%, with the consensus EPS estimate being $0.31.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ladder Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total other income: $33.66 million compared to the $24.89 million average estimate based on two analysts.
- Net interest income: $40.49 million versus $44 million estimated by two analysts on average.
- Fee and other income: $3.33 million versus the two-analyst average estimate of $1.85 million.
- Earnings from investment in unconsolidated ventures: $0.22 million versus $0.21 million estimated by two analysts on average.
- Real estate operating income: $25.89 million versus $23.53 million estimated by two analysts on average.
View all Key Company Metrics for Ladder Capital here>>>Shares of Ladder Capital have returned +6.1% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Ladder Capital (LADR - Free Report) reported $74.15 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 11.6%. EPS of $0.33 for the same period compares to $0.34 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $68.89 million, representing a surprise of +7.63%. The company delivered an EPS surprise of +6.45%, with the consensus EPS estimate being $0.31.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ladder Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total other income: $33.66 million compared to the $24.89 million average estimate based on two analysts.
- Net interest income: $40.49 million versus $44 million estimated by two analysts on average.
- Fee and other income: $3.33 million versus the two-analyst average estimate of $1.85 million.
- Earnings from investment in unconsolidated ventures: $0.22 million versus $0.21 million estimated by two analysts on average.
- Real estate operating income: $25.89 million versus $23.53 million estimated by two analysts on average.
View all Key Company Metrics for Ladder Capital here>>>Shares of Ladder Capital have returned +6.1% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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