What You Need to Know Ahead of Apollo Global Management's Earnings Release
Ahead of the event, analysts expect APO to report a profit of $1.75 per share on a diluted basis, up 22.4% from $1.43 per share in the year-ago quarter. The company missed the consensus estimates in three of the last four quarters while beating the forecast on another occasion.
More News from Barchart
It's Never 'Happened in the History of Tech to Any Company Before': OpenAI's Sam Altman Says ChatGPT is Growing at an Unprecedented Rate
Ditch 'Basic' Nvidia and Buy This 'Unique' Chip Stock Instead
Tesla Earnings, Powell Speech and Other Can't Miss Items this Week
Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.
For the full year, analysts expect APO to report EPS of $7.20, up 9.3% from $6.59 in fiscal 2024. Its EPS is expected to rise 20.8% year-over-year to $8.70 in fiscal 2026.
APO stock has outperformed the S&P 500 Index's ($SPX) 13.6% gains over the past 52 weeks, with shares up 26.3% during this period. Similarly, it outperformed the Financial Select Sector SPDR Fund's (XLF) 21.4% gains over the same time frame.
APO is partnering with major banks, including JPMorgan Chase & Co. (JPM) and The Goldman Sachs Group, Inc. (GS), to increase liquidity in the private credit market. This collaboration aims to actively syndicate and trade investment-grade private debt, allowing for faster origination of larger loans. By enhancing liquidity and accessibility, APO is poised to attract both institutional and individual investors, driving growth in the private credit market. This initiative is part of APO's strategy to expand its credit trading footprint and solidify its position as a key player in shaping the future of private credit trading.
On May 2, APO shares closed down more than 1% after the company reported its Q1 results. Its revenue stood at $5.5 billion, down 21.2% year-over-year. The company's adjusted EPS increased 5.8% year-over-year to $1.82.
Analysts' consensus opinion on APO stock is bullish, with an overall 'Strong Buy' rating. Out of 21 analysts covering the stock, 16 advise a 'Strong Buy' rating, one suggests a 'Moderate Buy,' and four give a 'Hold.' APO's average analyst price target is $164.63, indicating a potential upside of 8.3% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
24 minutes ago
- Bloomberg
Vingroup Plans to Build $14.3 Billion Port, Logistics Center
Vietnamese conglomerate Vingroup JSC plans to invest about 373.84 trillion dong ($14.3 billion) to build a seaport and logistic center in the northern city of Haiphong, according to a statement on the Ho Chi Minh City Stock Exchange website. The project will consist of three phases and construction will run from 2026 until 2040, the statement said. Vingroup will use its own funds to finance about 15% of the total investment costs and seek external sources to pay for the remaining 85%.


Bloomberg
25 minutes ago
- Bloomberg
Mideast Private Equity Veteran's BlueFive Sells Stake to Bahraini Fund
Hazem Ben-Gacem has sold a stake in his new firm BlueFive Capital to Bahrain's sovereign wealth fund, in an early sign of the Middle East private equity veteran leveraging his ties to investors in the oil-rich region. Mumtalakat Holding Co. has taken a stake in BlueFive, the Abu Dhabi-based firm said in a statement on Monday. 'This latest investment provides BlueFive with long-term institutional backing as it continues to scale internationally,' it said.
Yahoo
35 minutes ago
- Yahoo
Yankees are paying 3 players a combined $43.8 million to not play for them
The New York Yankees have always been known for having a lot of money. They may not be the richest franchise in baseball anymore, though. The New York Mets and Los Angeles Dodgers seem to be shelling out even more dough. But the Yankees have one financial flex going for them, if it can be called a flex. And it's this: They're currently paying three players a combined $43.8 million not to play for them. Those three guys are DJ LeMahieu, Aaron Hicks and Marcus Stroman. The number works out to $43,785,714, to be exact. MORE: Cubs' Matthew Boyd has mastered the balk pickoff move Baseball contracts, unlike many of those in other professional sports, are fully guaranteed upon signing. That means when the Yankees get rid of Hicks in the past, or LeMahieu and Stroman this season, they're still owed their money. Stroman was just released after his last start, a bit of a surprise move. And like Stroman, both Hicks and LeMahieu were better before getting their latest Yankees contracts than they were afterward. MORE: Red Sox leapfrog the Yankees in the standings for first time since March As a big-market club with deep pockets, the Yankees can afford to make mistakes in contracts every once in a while. It's still not ideal that these mistakes are costing more than $43 million to guys not currently wearing the pinstripes in any form. The $43 million might not come in handy now, but it could matter greatly down the line. That's very real money that the Yankees won't have from production they aren't getting anyway. MORE MLB NEWS: White Sox batters have turned into 1927 Yankees Steven Kwan shows kindness on the most stressful day of his MLB career Marlins' Jakob Marsee starts his MLB career in a way no one ever has Rockies' Warming Bernabel is red hot Oneil Cruz makes one of the best throws in MLB history Red Sox phenom Roman Anthony makes MLB history not done since Elmer Valo in 1940