Rithm Capital Corp reports results for the quarter ended in December - Earnings Summary

Rithm Capital

07/02/2024 14:32

* Rithm Capital Corp  RITM.N  reported quarterly adjusted
earnings
of 51 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 33 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 38 cents per
share. Wall Street expected results to range from 32 cents to 50
cents per share.
    * Revenue rose 24.3% to $454.32 million from a year ago;
analysts
expected $446.42 million. 
    * Rithm Capital Corp's reported EPS for the quarter was a
loss
of 18 cents​.
    * The company reported a quarterly loss of $87.53 million.
    * Rithm Capital Corp shares had fallen by 0.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Rithm Capital
Corp is $12.00 
This summary was machine generated from LSEG data February 7 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.38           0.51           Beat
 Sep. 30 2023      0.39           0.58           Beat
 Jun. 30 2023      0.35           0.62           Beat
 Mar. 31 2023      0.32           0.35           Beat