Redwood Trust Inc reports results for the quarter ended December 31 - Earnings Summary

Redwood Trust

13/02/2025 22:46

* Redwood Trust Inc  RWT.N  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 5 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 16 cents per share. Wall
Street expected results to range from 12 cents to 19 cents per
share.
    * Revenue rose 38% to $27.60 million from a year ago;
analysts
expected $28.69 million. 
    * Redwood Trust Inc's reported EPS for the quarter was a
loss of 7
cents​.
    * The company reported a quarterly loss of $8.4 million.
    * Redwood Trust Inc shares had fallen by 1.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Redwood Trust Inc
is $8.00 
This summary was machine generated from LSEG data February 13 at
10:46 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.16           0.13           Missed
 Sep. 30 2024      0.14           0.18           Beat
 Jun. 30 2024      0.13           0.13           Met
 Mar. 31 2024      0.09           0.08           Missed