Ladder Capital Corp reports results for the quarter ended in March - Earnings Summary

• Ladder Capital Corp LADR reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of six analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 21 cents to 32 cents per share.

• Revenue fell 7.6% to $95.91 million from a year ago; analysts expected $96.63 million.

• Ladder Capital Corp's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $16.61 million.

• Ladder Capital Corp shares had fallen by 5.7% this quarter and lost 8.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $12.50

This summary was machine generated from LSEG data April 25 at 05:11 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)