Ready Capital Corp reports results for the quarter ended December 31 - Earnings Summary

Ready Capital

03/03/2025 17:41

Ready Capital Corp RC.N reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 26 cents.  The mean expectation of nine analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 6 cents to 31 cents per share.

Revenue fell 4.7% to $50.05 million from a year ago; analysts expected $56.21 million.

Ready Capital Corp's reported EPS for the quarter was a loss of 10 cents​.

The company reported a quarterly loss of $318.14 million.

Ready Capital Corp shares had risen by 1.6% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 6.5% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."

The average consensus recommendation for the specialized reits peer group is also "hold"

Wall Street's median 12-month price target for Ready Capital Corp is $8.00

This summary was machine generated from LSEG data March 3 at 05:40 p.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Dec. 31 2024
0.20
-0.03
Missed
Sep. 30 2024
0.23
-0.28
Missed
Jun. 30 2024
0.24
0.07
Missed
Mar. 31 2024
0.26
0.29
Beat