Apollo Global Management Inc (NYSE: APO) has reported E.P.S. of $2.31 for its first fiscal quarter (ending March 31) versus $1.67 for the same period a year ago — an increase of 38%. This performance was $0.18 better than the consensus estimate of $2.13. E.P.S. were $8.94 for the latest four quarters through March 31 versus $-1.07 for the same period a year ago.
Recent Price Action
Apollo Global Management Inc (NYSE: APO) stock closed at $112.07 on 5/2/24 after a large increase of 4.0%. Moreover, trading volume in this advance was exceptionally high at 224% of normal. The stock has declined -0.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, APO is expected to continue to be a major Value Builder.
Apollo Global Management has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Apollo Global Management has a very high Power Rating of 86 and a very high Appreciation Score of 90, leading to the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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