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

Rithm Capital

31/07/2024 14:32

* Rithm Capital Corp  RITM.N  reported quarterly adjusted
earnings
of 47 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 62 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 42 cents per share. Wall Street
expected results to range from 37 cents to 48 cents per share.
    * Revenue rose 20% to $478.65 million from a year ago;
analysts
expected $491.56 million. 
    * Rithm Capital Corp's reported EPS for the quarter was 43
cents​.
    * The company reported quarterly net income of $213.16
million.
    * Rithm Capital Corp shares had risen by 5.7% this
quarter and
gained 8.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $13.00 
This summary was machine generated from LSEG data July 31 at
01:32 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
 Jun. 30 2024      0.42           0.47           Beat
 Mar. 31 2024      0.37           0.48           Beat
 Dec. 31 2023      0.38           0.51           Beat
 Sep. 30 2023      0.39           0.58           Beat