Rithm Capital Corp reports results for the quarter ended in September 30 - Earnings Summary

Rithm Capital

29/10/2024 14:18

* Rithm Capital Corp  RITM.N  reported quarterly adjusted
earnings
of 54 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 58 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 42 cents per share. Wall Street
expected results to range from 38 cents to 46 cents per share.
    * Revenue rose 15.6% to $550.73 million from a year ago;
analysts
expected $469.08 million. 
    * Rithm Capital Corp's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $97.02
million.
    * Rithm Capital Corp shares had fallen by 7.8% this
quarter and
lost 2.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
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 $13.00 
This summary was machine generated from LSEG data October 29 at
02:18 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
 Sep. 30 2024      0.42           0.54           Beat
 Jun. 30 2024      0.42           0.47           Beat
 Mar. 31 2024      0.37           0.48           Beat
 Dec. 31 2023      0.38           0.51           Beat