Ready Capital Corp expected to post earnings of 41  cents a share - Earnings Preview

Ready Capital

06/05/2023 03:09

* Ready Capital Corp  RC.N   RC  is expected to show a rise
in
quarterly revenue when it reports  results on May 8. 
    * The New York City-based  company is expected to report  a
21.0% increase in revenue to $76.682 million from $63.39 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 41 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 $13.25​, above​ its last closing price of $10.26. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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. 31 2022  0.62        0.56       0.52      Missed  -6.4
 ​​Dec.        0.53        0.51       0.67      Beat    31
 31 2021                                                
 Sep. 30 2021  0.47        0.46       0.64      Beat    40.1​
 Jun. 30 2021  0.45        0.45       0.52      Beat    15.9
 Mar. 31 2021  0.44        0.42       0.41      Missed  -2.4
 This summary was machine generated May 6 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated