Compared to Estimates, Apollo Global Management (APO) Q3 Earnings: A Look at Key Metrics

Apollo Global Management Inc. (APO) reported $926 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11%. EPS of $1.81 for the same period compares to $1.71 a year ago.The reported revenue represents a surprise of +3.85% over the Zacks Consensus Estimate of $891.68 million. With the consensus EPS estimate being $1.74, the EPS surprise was +4.02%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Apollo Global Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total Assets Under Management: $733 billion compared to the $724.23 billion average estimate based on three analysts. Segment Income- Asset Management- Fee Related Earnings- Management fees: $518 million versus the four-analyst average estimate of $696.41 million. Segment Income- Asset Management- Fee Related Earnings- Capital solutions fees and other, net: $159 million versus $153.31 million estimated by four analysts on average. Segment Income- Asset Management- Fee Related Earnings- Fee-related performance fee: $57 million versus the four-analyst average estimate of $52.75 million. Segment Income- Asset Management- Fee Related Earnings: $531 million versus the four-analyst average estimate of $515.15 million. Segment Income- Retirement Services- Spread Related Earnings- Fixed income and other net investment income: $2.81 billion versus the four-analyst average estimate of $2.72 billion. Segment Income- Principal Investing- Principal Investing Income: $78 million versus $72.56 million estimated by four analysts on average. Segment Income- Retirement Services- Spread Related Earnings- Strategic capital management fees: $27 million versus the four-analyst average estimate of $25.57 million. Segment Income- Retirement Services- Spread Related Earnings: $856 million compared to the $762.05 million average estimate based on four analysts. Segment Income- Principal Investing- Principal Investing Income- Realized performance fees: $331 million compared to the $246.40 million average estimate based on four analysts. Segment Income- Principal Investing- Principal Investing Income- Realized investment income: $17 million versus the four-analyst average estimate of $23.83 million. Segment Income- Retirement Services- Spread Related Earnings- Alternative net investment income: $236 million compared to the $214.34 million average estimate based on four analysts. View all Key Company Metrics for Apollo Global Management here>>>Shares of Apollo Global Management have returned +3.9% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apollo Global Management Inc. (APO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks