Redwood Trust Inc expected to post earnings of 16  cents a share - Earnings Preview

Redwood Trust

28/10/2023 03:06

* Redwood Trust Inc  RWT.N   RWT  is expected to show a fall
in
quarterly revenue when it reports  results on October 30. 
    * The Mill Valley California-based  company is expected to
report 
a 7.3% decrease in revenue to $32.461 million from $35 million a
year ago, according to the mean estimate from 9 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Redwood Trust Inc
is for
earnings of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $9​, above​ its last closing price of $6.75. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.10        0.12       0.00      Missed  -100
 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
 ​​Jun.        0.15        0.18       -0.11     Missed  -161.8
 30 2022                                                
 Mar. 31 2022  -0.05       0.15       0.24      Beat    58.2​
 Dec. 31 2021  0.39        0.38       0.34      Missed  -10.5
 Sep. 30 2021  0.37        0.39       0.65      Beat    67.8
 This summary was machine generated October 28 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated