Ladder Capital Corp reports results for the quarter ended September 30 - Earnings Summary

• Ladder Capital Corp LADR.N reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of seven analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 23 cents to 38 cents per share.

• Revenue rose 12.1% to $80.45 million from a year ago; analysts expected $80.33 million.

• Ladder Capital Corp's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of $65.87 million.

• Ladder Capital Corp shares had risen by 1.0% this quarter and lost 19.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Ladder Capital Corp is $11.50, about 23.3% above its last closing price of $8.82

This summary was machine generated from LSEG data October 16 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)