Redwood Trust Q1 adjusted EPS misses estimates

Redwood Trust

29/04/2026 21:35

Overview

U.S. housing finance firm's Q1 adjusted EPS missed analyst expectations

Company posted a GAAP net loss and book value per share declined from prior quarter

Mortgage banking production hit record $8.5 bln, third consecutive quarterly record

Outlook

Company did not provide specific guidance for the current quarter or full year in the press release

Result Drivers

RECORD MORTGAGE BANKING PRODUCTION - Co reported $8.5 bln in mortgage banking production, marking a third consecutive quarterly record

PLATFORM EXPANSION - Sequoia and Aspire platforms expanded, with Sequoia launching a medical professional loan program and Aspire completing its first non-QM securitization

MARKET VOLATILITY IMPACT - Gross margins remained within targeted ranges despite increased market volatility from changes in interest rates and mortgage spreads

Company press release: ID:nBwJWFWda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Miss
$0.21
$0.24 (7 Analysts)
Q1 Net Interest Income
$34.7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Redwood Trust Inc is $7.00, about 21.7% above its April 28 closing price of $5.75

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)