Commercial real estate lender Ladder Capital (NYSE: LADR) will be reporting results this Thursday before market open. Here’s what to expect.
Ladder Capital missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $57.48 million, down 15.4% year on year. It was a slower quarter for the company, with a significant miss of analysts’ tangible book value per share estimates and a significant miss of analysts’ EPS estimates.
Is Ladder Capital a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Ladder Capital’s revenue to decline 18.9% year on year to $55.58 million, a reversal from the 25.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ladder Capital has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Ladder Capital’s peers in the thrifts & mortgage finance segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Flagstar Financial’s revenues decreased 4.9% year on year, beating analysts’ expectations by 2.2%, and Columbia Financial reported revenues up 236%, topping estimates by 12.7%. Flagstar Financial’s stock price was unchanged after the resultswhile Columbia Financial was up 7.4%.
Read our full analysis of Flagstar Financial’s results here and Columbia Financial’s results here.
There has been positive sentiment among investors in the thrifts & mortgage finance segment, with share prices up 6.2% on average over the last month. Ladder Capital is down 1.7% during the same time.
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