Can Apollo Global Management (APO) Run Higher on Strong Earnings Estimate Revisions?

APO

Apollo Global Management, LLC (APO - Free Report) is a Fin-Inv Management company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on APO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Apollo Global Management could be a solid choice for investors.

Current Quarter Estimates for APO

In the past 30 days, 5 estimates has gone higher for Apollo Global Management while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from earnings of 36 cents per share 30 days ago, to earnings of 45 cents today, a move of 25%.

Current Year Estimates for APO

 

Meanwhile, Apollo Global Management current year figures are also looking quite promising, with 6 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame with estimates rising from earnings of 82 cents per share 30 days ago, to earnings of $1.66 today, a significant move.

Bottom Line

The stock has also started to move higher lately, adding 8.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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