X
<

A Look at Apollo Global Management's 2Q17 Earnings

PART:
1 2 3 4 5 6 7 8
A Look at Apollo Global Management's 2Q17 Earnings PART 1 OF 8

Apollo Global Management Misses Analysts’ Estimates

Earnings estimates

Apollo Global Management (APO) witnessed gross inflow of $36 billion in 2Q17, helped by the company’s credit and private equity divisions. Its Fund IX saw significant demand in the private equity market and the company has a positive outlook for it. Apollo posted EPS (earnings per share) of $0.46, missing analysts’ estimate of $0.49. The company reported revenue of $432.9 million in 2Q17, missing analysts’ estimate of $445.3 million. Apollo managed to post economic net income of $183.5 million.

Apollo Global Management Misses Analysts’ Estimates

Interested in APO? Don't miss the next report.

Receive e-mail alerts for new research on APO

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

In 2Q17, Apollo’s total AUM (assets under management) stood at $231.8 billion, with fee-generating assets under management of $161 billion. The company currently has carry-generating assets under management and dry powder strength amounting to $51.8 billion and $49.3 billion, respectively. In 2Q17, the company made deployments of $2.6 billion.

Peer comparison

In 2Q17, alternative asset manager (XLF) peers’ AUM were as follows:

  • KKR (KKR): $148.4 billion
  • The Carlyle Group (CG): $169.8 billion
  • The Blackstone Group (BX): $371.1 billion

In this series, we’ll study the performance of Apollo’s various divisions, its dividend distribution, and its valuation. We’ll also look into Apollo’s AUM and analysts’ ratings. Let’s first have a look at Apollo’s private equity division.

X

Please select a profession that best describes you: