Ready Capital Corp expected to post earnings of 56  cents a share - Earnings Preview

Ready Capital

04/05/2022 03:03

* Ready Capital Corp  RC.N   RC  is expected to show a rise
in
quarterly revenue when it reports  results on May 5. 
    * The New York City-based  company is expected to report  a
232.4% increase in revenue to $75.158 million from $22.61
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 56 cents per share. For the same quarter last year,
the company reported earnings of 41 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"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 $18​, above​ its last closing price of $14.94. ​​​
    * 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 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​
 Mar. 31 2021  0.44        0.42       0.41      Missed  -2.4
 ​​Dec.        0.45        0.41       0.51      Beat    25.7
 31 2020                                                
 Sep. 30 2020  0.36        0.36       0.57      Beat    58.3​
 Jun. 30 2020  0.73        0.63       0.70      Beat    11.4
 Mar. 31 2020  0.36        0.37       0.01      Missed  -97.3
 This summary was machine generated May 4 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated