Redwood Trust Inc expected to post earnings of 11  cents a share - Earnings Preview

Redwood Trust

26/07/2023 01:18

* Redwood Trust Inc  RWT.N   RWT  is expected to show a fall
in
quarterly revenue when it reports  results on July 27. 
    * The Mill Valley California-based  company is expected to
report 
a 23.8% decrease in revenue to $30.477 million from $40 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Redwood Trust Inc
is for
earnings of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Redwood
Trust Inc
is $8​, above​ its last closing price of $6.84. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.14        0.14       0.02      Missed  -86.1
 Dec. 31 2023  -0.20       -0.21      -0.40     Missed  -90.5
 Sep. 30 2022  -0.20       -0.07      -0.44     Missed  -493.8
                                                        ​
 Jun. 30 2022  0.15        0.18       -0.11     Missed  -161.8
 ​​Mar.        -0.05       0.15       0.24      Beat    58.2
 31 2022                                                
 Dec. 31 2021  0.39        0.38       0.34      Missed  -10.5​
 Sep. 30 2021  0.37        0.39       0.65      Beat    67.8
 Jun. 30 2021  0.49        0.44       0.66      Beat    49.7
 This summary was machine generated July 26 at 00:18 GMT.  All
figures in US dollars  unless otherwise stated