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

Ready Capital

09/05/2023 24:59

* Ready Capital Corp  RC.N  reported quarterly adjusted
earnings
of 30 cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 41 cents per share.
    * Revenue fell 9.8% to $57.18 million from a year ago;
analysts
expected $76.68 million. 
    * Ready Capital Corp's reported EPS for the quarter was 29
cents​.
    * The mean earnings estimate of analysts was unchanged 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 0.9% this
quarter and
lost 7.9% so far this year.
    * The company reported quarterly net income of $33.14
million.
    * Wall Street's median 12-month price target for Ready
Capital
Corp is $13.25 
    * 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 LSEG Refinitiv data May
8 at 11:58 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.41           0.30           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