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.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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