Ladder Capital (LADR) Beats Q2 Earnings and Revenue Estimates

Core Insights - Ladder Capital (LADR) reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, but down from $0.31 per share a year ago [1][2] - The company achieved a revenue of $56.26 million for the quarter, surpassing the Zacks Consensus Estimate by 2.48%, but down from $76.72 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was +4.55%, following a previous quarter where the company reported earnings of $0.20 per share against an expectation of $0.22, resulting in a surprise of -9.09% [2] - Over the last four quarters, Ladder Capital has exceeded consensus EPS estimates three times [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.28 on revenues of $69.4 million, and for the current fiscal year, it is $0.97 on revenues of $255.1 million [8] - The Zacks Rank for Ladder Capital is currently 2 (Buy), indicating expectations for the stock to outperform the market in the near future [7] Industry Context - The REIT and Equity Trust industry, to which Ladder Capital belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]