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

Ready Capital

06/05/2022 01:14

* Ready Capital Corp  RC.N  reported quarterly adjusted
earnings
of 52 cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of 56 cents per share.
    * Revenue rose 180.4% to $63.39 million from a year ago; 
analysts
expected $75.16 million. 
    * Ready Capital Corp's reported EPS for the quarter was 66
cents​.
    * The mean earnings estimate of analysts had risen by
about 13.8%
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 1.3% this
quarter and
lost 2.4% so far this year.
    * The company reported quarterly net income of $61.49
million.
    * Wall Street's median 12-month price target for Ready
Capital
Corp is $18.00 
    * 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." 

This summary was machine generated May 6 at 12:14 a.m.  ​All
figures in US dollars unless otherwise stated