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

Ready Capital

27/02/2023 14:32

* Ready Capital Corp  RC.N  reported quarterly adjusted
earnings
of 42 cents​​ per share for the quarter ended in December. The
mean expectation of eight analysts for the quarter was
for earnings of 43 cents per share.
    * Revenue fell 1.6% to $63.63 million from a year ago;
analysts
expected $78.37 million. 
    * Ready Capital Corp's reported EPS for the quarter was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ready Capital Corp shares had risen by 12.2% this quarter.
    * The company reported quarterly net income of $9.46
million.
    * Wall Street's median 12-month price target for Ready
Capital
Corp is $14.25 
    * 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." 

This summary was machine generated from Refinitiv data February
27 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.43           0.42           Missed
 Sep. 30 2022      0.45           0.44           Missed
 Jun. 30 2022      0.46           0.46           Met
 Mar. 31 2022      0.56           0.52           Missed