Apollo Investment (AINV) Does Not Have Q4 Earnings and Revenue Estimates
Apollo Investment (AINV) came out with quarterly profit of $ 0.39 per share, missing Zacks’ consensus estimate of $ 0.41 per share. This compares to a profit of $ 0.59 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents a profit surprise of -4.88%. A quarter ago, this investment firm was expected to post a profit of $ 0.39 per share when it actually produced a profit of $ 0.43, a surprise of 10.26% .
In the past four quarters, the company has twice beaten consensus EPS estimates.
Apollo Investment, which is part of Zacks Financial – SBIC & Commercial Industry, reported revenues of $ 50.83 million for the quarter ended March 2021, missing Zacks’ consensus estimate of 3.27%. This compares to revenue of $ 71.6 million a year ago. The company has beaten consensus revenue estimates just once in the past four quarters.
The sustainability of the immediate move in stock prices based on recently released numbers and future earnings forecasts will depend primarily on management comments on the profit call.
Shares of Apollo Investment have added about 37.3% year-to-date against the S&P 500’s 9.6% gain.
What’s next for Apollo Investment?
While Apollo Investment has outperformed the market so far this year, the question that comes to investors’ minds is, what’s next for the stock?
There are no easy answers to this key question, but the company’s earnings outlook is a reliable metric that can help investors address it. This not only includes the current consensus earnings forecast for the coming quarter (s), but also how those expectations have changed in recent times.
Empirical research shows a strong correlation between short-term stock market movements and trends in earnings estimate revisions. Investors can track these revisions on their own or rely on a proven scoring tool like Zacks Rank, which has impressive experience in harnessing the power of earnings estimate revisions.
Prior to the release of these results, the trend in revisions to Apollo Investment’s estimates was mixed. While the magnitude and direction of estimate revisions may change as a result of the company’s newly released earnings report, the current state results in a Zacks # 3 (Hold) rank for the stock. . Thus, stocks are expected to move in line with the market in the near future. You can see the full list of current Zacks # 1 Rank (Strong Buy) stocks here.
It will be interesting to see how the estimates for the coming quarters and the current year evolve in the days to come. Current EPS is estimated at $ 0.40 on $ 52.28 million of revenue for the coming quarter and $ 1.54 on $ 213.12 million of revenue for the current year.
Investors should be aware that the outlook for the industry can also have a significant impact on the performance of the stock. In terms of Zacks Industry Rankings, Financial Industry – SBIC and Commercial is currently in the bottom 36% of the 250+ Zacks Industries. Our research shows that the top 50% of industries ranked by Zacks outperform the bottom 50% by a factor of more than 2 to 1.
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Apollo Investment Corporation (AINV): Free Stock Analysis Report