Ready Capital Corp expected to post earnings of 32 cents a share - Earnings Preview

Ready Capital

24/02/2024 01:15

* Ready Capital Corp  RC.N   RC  is expected to show a rise
in
quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The New York City-based  company is expected to report a
3.7% increase in revenue to $65.963 million from $63.63 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Ready Capital Corp is
for
earnings of 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "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 $11.50​, above​ its last closing price of $9.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.43        0.43       0.42      Missed  -1.2
 ​​Sep.        0.44        0.45       0.44      Missed  -1.3
 30 2022                                                
 Jun. 30 2022  0.47        0.46       0.46      Met     -0.7​
 Mar. 31 2022  0.62        0.56       0.52      Missed  -6.4
 Dec. 31 2021  0.53        0.51       0.67      Beat    31
 This summary was machine generated February 24 at 01:15 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)