News
Ladder Capital Q2 2024 Earnings: Beat Expectations
Staircase Capital (NYSE:LADR) Second Quarter 2024 Results
Main financial results
-
Revenue: $71.7 million (up 7.3% from Q2 2023).
-
Net income: $32.3 million (up 15% from Q2 2023).
-
Profit margin: 45% (up from 42% in Q2 2023). The margin increase was driven by higher revenue.
-
EPS: $0.26 (up from $0.23 in Q2 2023).
earnings-and-revenue-growth
All numbers shown in the chart above are for the trailing 12 month period (TTM)
Ladder Capital’s revenue and profits exceed expectations
Revenue beat analysts’ estimates by 16%. Earnings per share (EPS) also beat analysts’ estimates by 53%.
Looking ahead, revenue is expected to grow 8.8% per year on average over the next 3 years, compared to a 42% growth forecast for the US mortgage REIT sector.
Performance of the American mortgage REIT sector.
The company’s share price remains virtually unchanged from last week.
Risk analysis
What about risks? Every company has them, and we identify them 2 Warning Signs for Ladder Capital you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our aim is to bring you long-term focused analysis, driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, send an email editorial-team@simplywallst.com