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

Rithm Capital

30/04/2024 15:21

* Rithm Capital Corp  RITM.N  reported quarterly adjusted
earnings
of 48 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 35 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 25 cents to 45 cents per share.
    * Revenue rose 29.3% to $448.18 million from a year ago;
analysts
expected $452.39 million. 
    * Rithm Capital Corp's reported EPS for the quarter was 54
cents​.
    * The company reported quarterly net income of $261.64
million.
    * Rithm Capital Corp shares had risen by 0.5% this
quarter and
gained 5.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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 $12.00 
This summary was machine generated from LSEG data April 30 at
02:21 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
 Mar. 31 2024      0.37           0.48           Beat
 Dec. 31 2023      0.38           0.51           Beat
 Sep. 30 2023      0.39           0.58           Beat
 Jun. 30 2023      0.35           0.62           Beat