Apollo Global Management, Inc. reports results for the quarter ended September 30 - Earnings Summary

What happened

Apollo Global Management reported quarterly adjusted earnings of $2.07 per share, below last year's $2.17 and the $2.20 analyst average. Revenue fell 51.8% to $4.74 billion versus an expected $5.81 billion, and the company posted a quarterly loss of $1.06 billion, or $1.78 per share.

Confirmed

Global impact / market context

Missing both profit and revenue expectations signals weaker earnings power, which can pressure the share price because investors pay for expected future profits. The reported quarterly loss of $1.06 billion sharpens that concern, since losses reduce the cash available to fund dividends, buybacks, or new investments.

Analyst inference

Analysts had already lowered estimates, with the average earnings forecast down about 3.5% over three months and nine negative revisions in 30 days, suggesting expectations were cooling before results. The average rating remains buy and the median $149 price target sits about 19.8% above the $119.46 close, leaving room for disappointment.

Analyst inference

What to watch

1. The average analyst rating is buy, split into 17 buy or strong buy and 7 hold, with no sell ratings, so watch whether that support holds after the earnings miss. Confirmed
2. Watch whether analysts cut their $149 median 12-month price target, which is about 19.8% above the $119.46 closing price and depends on a profit recovery. Proposed
3. Watch future revenue and cost trends for signs of stabilization, because the 51.8% revenue drop and $1.06 billion quarterly loss are the main drivers of weaker profit. Analyst inference

Evidence

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