Apollo Global Management Inc. (APO - Free Report) reported $793 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 24.7%. EPS of $1.70 for the same period compares to $0.94 a year ago.
The reported revenue represents a surprise of +1.43% over the Zacks Consensus Estimate of $781.82 million. With the consensus EPS estimate being $1.65, the EPS surprise was +3.03%.
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 Apollo Global Management Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Assets Under Management: $617.11 billion compared to the $622.20 billion average estimate based on two analysts.
- Segment Earnings- Fee Related Earnings - Management fees: $620 million compared to the $625.14 million average estimate based on three analysts.
- Segment Earnings- Fee Related Earnings - Fee-related performance fees: $35 million versus $27.35 million estimated by three analysts on average.
- Segment Earnings- Fee Related Earnings - Capital solutions fees and other, net: $138 million versus $134.93 million estimated by three analysts on average.
- Segment Earnings- Spread Related Earnings - Fixed income and other investment income, net: $2.21 billion compared to the $2.08 billion average estimate based on three analysts.
- Segment Earnings- Spread Related Earnings - Alternative investment income, net: $259 million versus $276.87 million estimated by three analysts on average.
- Segment Earnings- Spread Related Earnings: $799 million versus $762.37 million estimated by three analysts on average.
- Segment Earnings- Principal Investing - Realized performance fees: $177 million versus the three-analyst average estimate of $158.84 million.
- Segment Earnings- Principal Investing - Realized investment income: $2 million versus $26.92 million estimated by three analysts on average.
- Segment Earnings- Fee Related Earnings: $442 million versus $429.34 million estimated by three analysts on average.
- Segment Earnings- Principal Investing Income: $20 million versus the three-analyst average estimate of $44.29 million.
- Segment Earnings- Spread Related Earnings - Strategic capital management fees: $16 million versus $14.37 million estimated by three analysts on average.
View all Key Company Metrics for Apollo Global Management Inc. here>>>Shares of Apollo Global Management Inc. have returned +7% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Apollo Global Management Inc. (APO - Free Report) reported $793 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 24.7%. EPS of $1.70 for the same period compares to $0.94 a year ago.
The reported revenue represents a surprise of +1.43% over the Zacks Consensus Estimate of $781.82 million. With the consensus EPS estimate being $1.65, the EPS surprise was +3.03%.
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 Apollo Global Management Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Assets Under Management: $617.11 billion compared to the $622.20 billion average estimate based on two analysts.
- Segment Earnings- Fee Related Earnings - Management fees: $620 million compared to the $625.14 million average estimate based on three analysts.
- Segment Earnings- Fee Related Earnings - Fee-related performance fees: $35 million versus $27.35 million estimated by three analysts on average.
- Segment Earnings- Fee Related Earnings - Capital solutions fees and other, net: $138 million versus $134.93 million estimated by three analysts on average.
- Segment Earnings- Spread Related Earnings - Fixed income and other investment income, net: $2.21 billion compared to the $2.08 billion average estimate based on three analysts.
- Segment Earnings- Spread Related Earnings - Alternative investment income, net: $259 million versus $276.87 million estimated by three analysts on average.
- Segment Earnings- Spread Related Earnings: $799 million versus $762.37 million estimated by three analysts on average.
- Segment Earnings- Principal Investing - Realized performance fees: $177 million versus the three-analyst average estimate of $158.84 million.
- Segment Earnings- Principal Investing - Realized investment income: $2 million versus $26.92 million estimated by three analysts on average.
- Segment Earnings- Fee Related Earnings: $442 million versus $429.34 million estimated by three analysts on average.
- Segment Earnings- Principal Investing Income: $20 million versus the three-analyst average estimate of $44.29 million.
- Segment Earnings- Spread Related Earnings - Strategic capital management fees: $16 million versus $14.37 million estimated by three analysts on average.
View all Key Company Metrics for Apollo Global Management Inc. here>>>Shares of Apollo Global Management Inc. have returned +7% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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