We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Redwood Trust (RWT) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Redwood Trust (RWT - Free Report) reported $24 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 7.7%. EPS of $0.08 for the same period compares to $0.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $22.51 million, representing a surprise of +6.62%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Redwood Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest income: $24 million compared to the $23.19 million average estimate based on five analysts.
Residential Consumer Mortgage Banking Activities, net: $8 million versus the five-analyst average estimate of $10.82 million.
Residential Investor Mortgage Banking Activities, net: $7 million versus $10.62 million estimated by five analysts on average.
Total non-interest income (loss), net: $50 million versus the five-analyst average estimate of $32.53 million.
Other income, net: $5 million versus $3.55 million estimated by four analysts on average.
Interest income: $205 million versus $207.64 million estimated by three analysts on average.
Investment fair value changes, net: $22 million versus $5.58 million estimated by three analysts on average.
Shares of Redwood Trust have returned -9.5% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Redwood Trust (RWT) Reports Q1 Earnings: What Key Metrics Have to Say
Redwood Trust (RWT - Free Report) reported $24 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 7.7%. EPS of $0.08 for the same period compares to $0.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $22.51 million, representing a surprise of +6.62%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Redwood Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest income: $24 million compared to the $23.19 million average estimate based on five analysts.
- Residential Consumer Mortgage Banking Activities, net: $8 million versus the five-analyst average estimate of $10.82 million.
- Residential Investor Mortgage Banking Activities, net: $7 million versus $10.62 million estimated by five analysts on average.
- Total non-interest income (loss), net: $50 million versus the five-analyst average estimate of $32.53 million.
- Other income, net: $5 million versus $3.55 million estimated by four analysts on average.
- Interest income: $205 million versus $207.64 million estimated by three analysts on average.
- Investment fair value changes, net: $22 million versus $5.58 million estimated by three analysts on average.
View all Key Company Metrics for Redwood Trust here>>>Shares of Redwood Trust have returned -9.5% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.