- United States
- /
- Diversified Financial
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- NYSE:APO
Apollo Global Management Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Apollo Global Management (NYSE:APO) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$7.72b (up 285% from 3Q 2023).
- Net income: US$787.0m (up 24% from 3Q 2023).
- Profit margin: 10% (down from 32% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$1.35 (up from US$1.10 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Apollo Global Management Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 26%.
Looking ahead, revenue is expected to decline by 89% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in the US are expected to grow by 3.4%.
Performance of the American Diversified Financial industry.
The company's shares are up 2.3% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Apollo Global Management that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using 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 account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:APO
Apollo Global Management
A private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets.
Outstanding track record and good value.
