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Apollo Global Management LLC (APO)
NYSE:APO
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.92Last Year’s EPS
$1.91Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 23.01%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong quarter for Apollo, with record fee-related earnings, robust origination activity, and solid performance in Athene's alternatives portfolio. However, market conditions led to some spread compression, and there remain challenges in predicting retirement services outflows. Overall, the positive performance and growth prospects outweigh the identified challenges.Company Guidance
During Apollo Global Management's Q3 2024 earnings call, the company highlighted several key metrics showcasing their strong financial performance and future guidance. They reported record fee-related earnings of $531 million or $0.87 per share, near-record spread-related earnings of $856 million or $1.40 per share, and an adjusted net income of $1.1 billion or $1.85 per share. The company also outlined ambitious targets, projecting average annual fee-related earnings (FRE) growth of 20%, spread-related earnings (SRE) growth of 10%, and a goal to achieve $10 billion in each by 2029. Additionally, they aim to more than double adjusted net income per share to $15 by 2029, supported by capital generation of $21 billion. The quarter set a solid foundation toward these goals, with $62 billion in originations, $194 billion year-to-date, and a robust performance from their platforms like ATLAS. The company also emphasized their strategic focus on four mega trends—global industrial renaissance, retirement, individual investor growth, and public-private convergence—as drivers for future growth.Record Fee-Related Earnings
Apollo reported record fee-related earnings of $531 million or $0.87 per share for Q3 2024, indicating strong financial performance.
Robust Origination Activity
The company achieved a record origination quarter with $62 billion in originations, and $194 billion year-to-date, highlighting strong growth and performance.
Athene's Organic Growth
Athene achieved $20 billion in organic growth in the quarter, continuing to demonstrate robust performance in the retirement services sector.
Strong Alternative Portfolio Returns
Athene's alternatives portfolio generated an 82% annualized return in Q3, with AAA generating a 10.5% annualized return, approaching the 11% long-term expectation.
Increased Fundraising in Retail Channel
Fundraising in the retail channel is on pace to increase 50% year-over-year in 2024, demonstrating strong demand and growth potential in the individual investor segment.
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APO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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APO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $139.04 | $148.85 | +7.06% |
| Aug 01, 2024 | $124.43 | $115.16 | -7.45% |
| May 02, 2024 | $106.59 | $110.84 | +3.99% |
| Feb 08, 2024 | $104.34 | $105.83 | +1.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Apollo Global Management LLC (APO) report earnings?
Apollo Global Management LLC (APO) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Apollo Global Management LLC (APO) earnings time?
Apollo Global Management LLC (APO) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APO EPS forecast?
APO EPS forecast for the fiscal quarter 2024 (Q4) is $1.92.
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