Ready Capital Corp expected to post earnings of 37  cents a share - Earnings Preview

Ready Capital

05/08/2023 03:16

* Ready Capital Corp  RC.N   RC  is expected to show a rise
in
quarterly revenue when it reports  results on August 7. 
    * The New York City-based  company is expected to report  a
28.7% increase in revenue to $93.733 million from $72.84 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ready Capital Corp
is for
earnings of 37 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"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 $13​, above​ its last closing price of $11.29. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.40        0.41       0.30      Missed  -26.6
 Dec. 31 2023  0.43        0.43       0.42      Missed  -1.2
 Sep. 30 2022  0.44        0.45       0.44      Missed  -1.3​
 Jun. 30 2022  0.47        0.46       0.46      Met     -0.7
 ​​Mar.        0.62        0.56       0.52      Missed  -6.4
 31 2022                                                
 Dec. 31 2021  0.53        0.51       0.67      Beat    31​
 Sep. 30 2021  0.47        0.46       0.64      Beat    40.1
 Jun. 30 2021  0.45        0.45       0.52      Beat    15.9
 This summary was machine generated August 5 at 02:16 GMT.  All
figures in US dollars  unless otherwise stated