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pollo Commercial Real Estate Finance (ARI) is set to report earnings this Tuesday after market hours. Last quarter, the company beat revenue expectations by 5% and reported $65.82 million in revenues, down 18.3% year on year. Analysts are expecting a decline of 9.9% year on year to $73.11 million this quarter, with adjusted earnings projected at $0.25 per share.
Analysts have reconfirmed their estimates over the last 30 days, suggesting a steady performance from the company. Apollo Commercial Real Estate Finance has only missed revenue estimates once in the past two years, exceeding expectations by 5.7% on average. Its peers in the thrifts & mortgage finance segment have reported mixed results, with PennyMac Financial Services missing analysts' expectations and Ladder Capital meeting consensus.
Despite this, there's been positive sentiment among investors in the sector, with share prices up 4.3% on average over the last month. Apollo Commercial Real Estate Finance is up 2.5% during the same period and has an average analyst price target of $10.35, compared to its current share price of $9.92.
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