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Wall Street's Insights Into Key Metrics Ahead of Apollo Global Management (APO) Q3 Earnings
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Analysts on Wall Street project that Apollo Global Management Inc. (APO - Free Report) will announce quarterly earnings of $2.21 per share in its forthcoming report, representing an increase of 3.3% year over year. Revenues are projected to reach $1.34 billion, increasing 16.6% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Apollo Global Management metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Segment Revenue- Asset Management' to reach $1.34 billion. The estimate suggests a change of +16.9% year over year.
Analysts expect 'Segment Revenue- Principal Investing' to come in at $173.32 million. The estimate indicates a year-over-year change of -20.9%.
The consensus estimate for 'Segment Revenue- Retirement Services' stands at $4.23 billion. The estimate points to a change of +11.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Total Assets Under Management' should arrive at $1074.81 billion. Compared to the current estimate, the company reported $908.00 billion in the same quarter of the previous year.
The average prediction of analysts places 'Segment Income- Asset Management- Fee Related Earnings- Management fees' at $1.03 billion. The estimate is in contrast to the year-ago figure of $863.00 million.
The combined assessment of analysts suggests that 'Segment Income- Asset Management- Fee Related Earnings- Capital solutions fees and other, net' will likely reach $241.07 million. The estimate is in contrast to the year-ago figure of $212.00 million.
According to the collective judgment of analysts, 'Segment Income- Asset Management- Fee Related Earnings- Fee-related performance fee' should come in at $66.97 million. Compared to the present estimate, the company reported $73.00 million in the same quarter last year.
It is projected by analysts that the 'Segment Income- Retirement Services- Spread Related Earnings- Strategic capital management fees' will reach $38.03 million. Compared to the current estimate, the company reported $35.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Segment Income- Principal Investing- Principal Investing Income- Realized investment income' will reach $31.49 million. Compared to the current estimate, the company reported $18.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Segment Income- Principal Investing- Principal Investing Income- Realized performance fees' of $141.83 million. The estimate is in contrast to the year-ago figure of $201.00 million.
Analysts' assessment points toward 'Segment Income- Retirement Services- Spread Related Earnings- Alternative net investment income' reaching $374.08 million. The estimate compares to the year-ago value of $321.00 million.
Analysts predict that the 'Segment Income- Retirement Services- Spread Related Earnings- Fixed income and other net investment income' will reach $3.82 billion. Compared to the current estimate, the company reported $3.42 billion in the same quarter of the previous year.
Over the past month, shares of Apollo Global Management have returned -2.3% versus the Zacks S&P 500 composite's +0.9% change. Currently, APO carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wall Street's Insights Into Key Metrics Ahead of Apollo Global Management (APO) Q3 Earnings
Analysts on Wall Street project that Apollo Global Management Inc. (APO - Free Report) will announce quarterly earnings of $2.21 per share in its forthcoming report, representing an increase of 3.3% year over year. Revenues are projected to reach $1.34 billion, increasing 16.6% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Apollo Global Management metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Segment Revenue- Asset Management' to reach $1.34 billion. The estimate suggests a change of +16.9% year over year.
Analysts expect 'Segment Revenue- Principal Investing' to come in at $173.32 million. The estimate indicates a year-over-year change of -20.9%.
The consensus estimate for 'Segment Revenue- Retirement Services' stands at $4.23 billion. The estimate points to a change of +11.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Total Assets Under Management' should arrive at $1074.81 billion. Compared to the current estimate, the company reported $908.00 billion in the same quarter of the previous year.
The average prediction of analysts places 'Segment Income- Asset Management- Fee Related Earnings- Management fees' at $1.03 billion. The estimate is in contrast to the year-ago figure of $863.00 million.
The combined assessment of analysts suggests that 'Segment Income- Asset Management- Fee Related Earnings- Capital solutions fees and other, net' will likely reach $241.07 million. The estimate is in contrast to the year-ago figure of $212.00 million.
According to the collective judgment of analysts, 'Segment Income- Asset Management- Fee Related Earnings- Fee-related performance fee' should come in at $66.97 million. Compared to the present estimate, the company reported $73.00 million in the same quarter last year.
It is projected by analysts that the 'Segment Income- Retirement Services- Spread Related Earnings- Strategic capital management fees' will reach $38.03 million. Compared to the current estimate, the company reported $35.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Segment Income- Principal Investing- Principal Investing Income- Realized investment income' will reach $31.49 million. Compared to the current estimate, the company reported $18.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Segment Income- Principal Investing- Principal Investing Income- Realized performance fees' of $141.83 million. The estimate is in contrast to the year-ago figure of $201.00 million.
Analysts' assessment points toward 'Segment Income- Retirement Services- Spread Related Earnings- Alternative net investment income' reaching $374.08 million. The estimate compares to the year-ago value of $321.00 million.
Analysts predict that the 'Segment Income- Retirement Services- Spread Related Earnings- Fixed income and other net investment income' will reach $3.82 billion. Compared to the current estimate, the company reported $3.42 billion in the same quarter of the previous year.
View all Key Company Metrics for Apollo Global Management here>>>Over the past month, shares of Apollo Global Management have returned -2.3% versus the Zacks S&P 500 composite's +0.9% change. Currently, APO carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .