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

Ready Capital

07/11/2022 23:44

* Ready Capital Corp  RC.N  reported quarterly adjusted
earnings
of 44 cents​​ per share for the quarter ended in September. The
mean expectation of seven analysts for the quarter was
for earnings of 45 cents per share.
    * Revenue rose 28.2% to $70.53 million from a year ago;
analysts
expected $81.30 million. 
    * Ready Capital Corp's reported EPS for the quarter was 50
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ready Capital Corp shares had risen by 18.9% this
quarter and
lost 22.8% so far this year.
    * The company reported quarterly net income of $61.23
million.
    * Wall Street's median 12-month price target for Ready
Capital
Corp is $15.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
7 at 11:44 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.51           0.67           Beat