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RITM — Rithm Capital News Story

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

Rithm Capital Corp RITM.N reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 47 cents.  The mean expectation of nine analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 50 cents to 56 cents per share.

Revenue fell 0% to $478.46 million from a year ago; analysts expected $454.43 million.

Rithm Capital Corp's reported EPS for the quarter was 53 cents​.

The company reported quarterly net income of $283.9 million.

Rithm Capital Corp shares had risen by 8.0% this quarter and gained 12.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 1% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "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 $14.00, about 12.9% above its last closing price of $12.19

This summary was machine generated from LSEG data July 28 at 01:31 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.520.54Beat
Mar. 31 20250.470.52Beat
Dec. 31 20240.440.60Beat
Sep. 30 20240.420.54Beat

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