Consensus expectations for the quarter point to revenue of $1.22 billion and an EPS of $1.98, as the stock’s current price of $129.28 remains significantly below the average analyst target of $149.42.
The primary story for investors is Apollo’s progress toward its $1 trillion total AUM milestone and the sustainability of its 20% fee-related earnings growth guidance for the fiscal year.
The company recently disclosed preliminary alternative investment income of approximately $205 million, which represented a 6% annualized return. While this performance was slightly below prior guidance, recent large-scale deal deployments in the automotive and infrastructure sectors suggest the firm’s origination engine continues to operate at a high level.