For the quarter ended September 2023, Rithm (RITM - Free Report) reported revenue of $1.09 billion, up 19.3% over the same period last year. EPS came in at $0.58, compared to $0.32 in the year-ago quarter.
The reported revenue represents a surprise of +18.18% over the Zacks Consensus Estimate of $921.8 million. With the consensus EPS estimate being $0.34, the EPS surprise was +70.59%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Rithm performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Interest income: $476.61 million versus $388.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +74.3% change.
- Revenues- Gain on sale of originated mortgage loans, net: $149.23 million compared to the $140.46 million average estimate based on three analysts. The reported number represents a change of -26.7% year over year.
- Revenues- Servicing revenue, net: $463.58 million versus $395.97 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
View all Key Company Metrics for Rithm here>>>Shares of Rithm have returned -5.5% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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For the quarter ended September 2023, Rithm (RITM - Free Report) reported revenue of $1.09 billion, up 19.3% over the same period last year. EPS came in at $0.58, compared to $0.32 in the year-ago quarter.
The reported revenue represents a surprise of +18.18% over the Zacks Consensus Estimate of $921.8 million. With the consensus EPS estimate being $0.34, the EPS surprise was +70.59%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Rithm performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Interest income: $476.61 million versus $388.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +74.3% change.
- Revenues- Gain on sale of originated mortgage loans, net: $149.23 million compared to the $140.46 million average estimate based on three analysts. The reported number represents a change of -26.7% year over year.
- Revenues- Servicing revenue, net: $463.58 million versus $395.97 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
View all Key Company Metrics for Rithm here>>>Shares of Rithm have returned -5.5% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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