Redwood Trust Inc expected to post earnings of 14 cents a share - Earnings Preview

Redwood Trust

29/10/2024 02:58

* Redwood Trust Inc  RWT.N   RWT  is expected to show a rise
in
quarterly revenue when it reports  results on October 30 for the
period ending September 30 2024
    * The Mill Valley California-based  company is expected to
report
a 47.5% increase in revenue to $29.491 million from $20 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data. (SAL Represent Net Interest income)
    * ​LSEG's mean analyst estimate for Redwood Trust Inc is for
earnings of 14 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 8.38​, above​ its last closing price of $7.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.12        0.13       0.13      Met     -1.9
 Mar. 31 2024  0.08        0.09       0.08      Missed  -12.9
 Dec. 31 2023  0.13        0.14       0.05      Missed  -63.2​
 Sep. 30 2023  0.16        0.16       0.09      Missed  -42.4
 ​​Jun.        0.10        0.12       0.00      Missed  -100
 30 2023                                                
 Mar. 31 2023  0.14        0.14       0.02      Missed  -86.1​
 Dec. 31 2022  -0.20       -0.21      -0.40     Missed  -90.5
 Sep. 30 2022  -0.20       -0.07      -0.44     Missed  -493.8
 This summary was machine generated October 29 at 02:57 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)