Redwood Trust Inc expected to post earnings of 9 cents a share - Earnings Preview

Redwood Trust

26/04/2024 22:11

* Redwood Trust Inc  RWT.N   RWT  is expected to show a fall
in
quarterly revenue when it reports  results on April 30 for the
period ending March 31 2024
    * The Mill Valley California-based  company is expected to
report
a 11.2% decrease in revenue to $23.084 million from $26 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Redwood Trust Inc is for
earnings of 9 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 $8.00​, above​ its last closing price of $5.67. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2023  0.10        0.12       0.00      Missed  -100​
 Mar. 31 2023  0.14        0.14       0.02      Missed  -86.1
 ​​Dec.        -0.20       -0.21      -0.40     Missed  -90.5
 31 2022                                                
 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. 31 2022  -0.05       0.15       0.24      Beat    58.2
 This summary was machine generated April 26 at 21:11 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)