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

Redwood Trust

10/02/2023 24:09

* Redwood Trust Inc  RWT.N  reported a quarterly adjusted
loss
of 40 cents​​ per share for the quarter ended in December. The
mean expectation of ten analysts for the quarter was for a loss
of 21 cents per share.
    * Revenue fell 46% to $27.00 million from a year ago;
analysts
expected $38.67 million. 
    * Redwood Trust Inc's reported EPS for the quarter was a
loss
of 40 cents​.
    * The mean earnings estimate of analysts had fallen by
about 215.1% in the last three months.​ 
    * In the last 30 days six analysts negatively revised
earnings
estimates 
    * Redwood Trust Inc shares had risen by 22.8% this quarter.
    * The company reported a quarterly loss of $44 million.
    * Wall Street's median 12-month price target for Redwood
Trust Inc
is $9.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
10 at 12:09 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.21          -0.40          Missed
 Sep. 30 2022      -0.07          -0.44          Missed
 Jun. 30 2022      0.18           -0.11          Missed
 Mar. 31 2022      0.15           0.24           Beat