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

Redwood Trust

27/04/2023 22:53

* Redwood Trust Inc  RWT.N  reported quarterly adjusted
earnings
of 2 cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
16 cents per share.
    * Revenue fell 50.9% to $26.00 million from a year ago;
analysts
expected $38.54 million. 
    * Redwood Trust Inc's reported EPS for the quarter was 2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 33.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Redwood Trust Inc shares had fallen by 5.2% this
quarter and
lost 5.5% so far this year.
    * The company reported quarterly net income of $3 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 LSEG Refinitiv data
April 27 at 09:53 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.16           0.02           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