These positive earnings estimate revisions suggest that analysts are becoming more optimistic on APO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Apollo Global could be a solid choice for investors.
Current Quarter Estimates for APO
In the past 30 days, 4 estimates have gone higher for Apollo Global while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from 51 cents a share 30 days ago, to 56 cents per share today, a move of 9.8%.
Current Year Estimates for APO
Meanwhile, Apollo Global’s current year figures are also looking quite promising, with 6 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, rising from $2.06 per share 30 days ago to $2.25 per share today, an increase of 9.2%.
Apollo Global Management, LLC Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
by Zacks Equity Research
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