Redwood Trust Inc expected to post earnings of 13 cents a share - Earnings Preview

Redwood Trust

30/07/2024 20:26

* Redwood Trust Inc  RWT.N   RWT  is expected to show a rise
in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Mill Valley California-based  company is expected to
report
a 13.7% increase in revenue to $29.557 million from $26 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data. (SAL Represent Net Interest income)
    * ​LSEG's mean analyst estimate for Redwood Trust Inc is for
earnings of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 $7.63​, above​ its last closing price of $7.29. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.08        0.09       0.08      Missed  -12.9
 Dec. 31 2024  0.13        0.14       0.05      Missed  -42.4
 Jan. 1 0001   0.16        0.16       0.09      Missed  -42.4​
 Jan. 1 0001   0.10        0.12       0.00      Missed  -100
 ​​Jan.        0.14        0.14       0.02      Missed  -86.1
 1 0001                                                 
 Jan. 1 0001   -0.20       -0.21      -0.40     Missed  -90.5​
 Sep. 30 2022  0.15        -0.07                        -493.8
 Jun. 30 2022  0.15        0.18                         -161.8
 This summary was machine generated July 30 at 19:26 GMT.  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)