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

Redwood Trust

30/10/2023 22:30

* Redwood Trust Inc  RWT.N  reported quarterly adjusted
earnings
of 9 cents​​ per share for the quarter ended in September. The
mean expectation of nine analysts for the quarter was
for earnings of 16 cents per share.
    * Revenue fell 42.9% to $20.00 million from a year ago;
analysts
expected $32.46 million. 
    * Redwood Trust Inc's reported EPS for the quarter was a
loss
of 29 cents​.
    * The mean earnings estimate of analysts had risen by
about 7.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Redwood Trust Inc shares had fallen by 5.3% this
quarter and
lost 0.1% so far this year.
    * The company reported a quarterly loss of $33 million.
    * Wall Street's median 12-month price target for Redwood
Trust Inc
is $8.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 10:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.16           0.09           Missed
 Jun. 30 2023      0.12           0.00           Missed
 Mar. 31 2023      0.14           0.02           Missed
 Dec. 31 2022      -0.21          -0.40          Missed