Ready Capital Corp expected to post earnings of 26 cents a share - Earnings Preview

Ready Capital

07/05/2024 24:56

* Ready Capital Corp  RC.N   RC  is expected to show a rise
in
quarterly revenue when it reports  results on May 8 for the
period ending January 1 0001
    * The New York City-based  company is expected to report a
42.8% increase in revenue to $81.638 million from $57.18 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Ready Capital Corp is
for
earnings of 26 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 6.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Ready
Capital
Corp is $10.00​, above​ its last closing price of $8.74. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.30        0.32       0.26      Missed  -18.5
 Sep. 30 2023  0.34        0.36       0.28      Missed  -22.5
 Jun. 30 2023  0.36        0.37       0.35      Missed  -5.4​
 Mar. 31 2023  0.40        0.41       0.30      Missed  -26.6
 ​​Dec.        0.43        0.43       0.42      Missed  -1.2
 31 2022                                                
 Sep. 30 2022  0.44        0.45       0.44      Missed  -1.3​
 Jan. 1 0001   0.47        0.46       0.46      Met     -0.7
 Mar. 31 2022  0.62        0.56       0.52      Missed  -6.4
 This summary was machine generated May 6 at 23:56 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)