Rithm Capital Corp expected to post earnings of 37 cents a share - Earnings Preview

Rithm Capital

26/04/2024 15:17

* Rithm Capital Corp  RITM.N   RITM.K  is expected to show a
rise
in quarterly revenue when it reports  results on April 30 for
the period ending March 31 2024
    * The New York City-based  company is expected to report a
30.5% increase in revenue to $452.386 million from $346.61
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Rithm Capital Corp is
for
earnings of 37 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Rithm
Capital
Corp is $12.00​, above​ its last closing price of $11.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.38        0.38       0.51      Beat    34.9
 Sep. 30 2023  0.37        0.39       0.58      Beat    50
 Jun. 30 2023  0.35        0.35       0.62      Beat    74.9​
 Mar. 31 2023  0.32        0.32       0.35      Beat    8.1
 ​​Dec.        0.29        0.30       0.33      Beat    10
 31 2022                                                
 Sep. 30 2022  0.28        0.29       0.32      Beat    9.6​
 Jun. 30 2022  0.27        0.30       0.31      Beat    2.1
 Mar. 31 2022  0.35        0.35       0.37      Beat    6
 This summary was machine generated April 26 at 14:17 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)