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

Redwood Trust

28/07/2023 04:29

* Redwood Trust Inc  RWT.N  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
12 cents per share.
    * Revenue fell 35% to $26.00 million from a year ago;
analysts
expected $30.48 million. 
    * Redwood Trust Inc's reported EPS for the quarter was 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 17.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Redwood Trust Inc shares had risen by 9.1% this
quarter and
gained 2.8% so far this year.
    * The company reported quarterly net income of $1 million.
    * Wall Street's median 12-month price target for Redwood
Trust Inc
is $8.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
28 at 03:28 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.12           0.01           Missed
 Mar. 31 2023      0.14           0.02           Missed
 Dec. 31 2022      -0.21          -0.40          Missed
 Sep. 30 2022      -0.07          -0.44          Missed