Apollo Residential Mortgage Earnings Preview: Get Ahead of the Analysts

Apollo Residential Mortgage (NYSE:AMTG) will report earnings after markets close on Monday, May 6th. Apollo Residential Mortgage, Inc. finances residential real estate. The Company invests in, finances, and manages Agency mortgage-backed securities (NYSE:MBS), non-Agency MBS, residential mortgage loans and other residential mortgage assets in the United States.

Here is your Cheat Sheet to Apollo Residential Mortgage Earnings:

Earnings Expectations: Analysts expect earnings of $0.68 per share on revenues of $26.42 million. Currently, the company’s P/E ratio stands at 2.65.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.71 to a profit $0.69. For the current year, the average estimate is a profit of $2.77, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Apollo Residential Mortgage has been performing on an annual basis:

Fiscal Year 2010 2012
Revenue ($) in millions 0.00 187.34
Diluted EPS ($) 0.0006 8.36

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 22.40 29.82 74.29 60.83
Diluted EPS ($) 1.95 1.24 2.91 2.105

Past Performance:
Apollo Residential Mortgage has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)