Ready Capital Corp reports results for the quarter ended June 30 - Earnings Summary

Ready Capital

08/08/2025 06:06

Ready Capital Corp RC.N reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 7 cents.  The mean expectation of eight analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -29 cents to 19 cents per share.

Revenue fell 66.8% to $16.90 million from a year ago; analysts expected $46.98 million.

Ready Capital Corp's reported EPS for the quarter was a loss of 34 cents​.

The company reported a quarterly loss of $57.49 million.

Ready Capital Corp shares had fallen by 3.4% this quarter and lost 38.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 89.5% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is  "buy."

Wall Street's median 12-month price target for Ready Capital Corp is $5.00, about 15.4% above its last closing price of $4.23

This summary was machine generated from LSEG data August 8 at 05:06 a.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
Jun. 30 2025
0.01
-0.14
Missed
Mar. 31 2025
0.12
-0.09
Missed
Dec. 31 2024
0.20
-0.03
Missed
Sep. 30 2024
0.23
-0.28
Missed