Ready Capital Corp expected to post earnings of 23 cents a share - Earnings Preview

Ready Capital

01/11/2024 14:06

* Ready Capital Corp  RC.N   RC  is expected to show a fall
in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The New York City-based  company is expected to report a
5.9% decrease in revenue to $55.518 million from $58.98 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (SAL represents Net Interest Income)
    * ​LSEG's mean analyst estimate for Ready Capital Corp is
for
earnings of 23 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ready
Capital
Corp is 8.25​, above​ its last closing price of $6.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.23        0.24       0.07      Missed  -71.1
 Mar. 31 2024  0.25        0.26       0.29      Beat    10.6
 Dec. 31 2023  0.30        0.32       0.26      Missed  -18.5​
 Sep. 30 2023  0.34        0.36       0.28      Missed  -22.5
 ​​Jan.        0.36        0.37       0.35      Missed  -5.4
 1 0001                                                 
 Mar. 31 2023  0.40        0.41       0.30      Missed  -26.6​
 Dec. 31 2022  0.43        0.43       0.42      Missed  -1.2
 Sep. 30 2022  0.44        0.45       0.44      Missed  -1.3
 This summary was machine generated November 1 at 14:06 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)