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Redwood Trust (RWT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, Redwood Trust (RWT - Free Report) reported revenue of $20 million, down 25.9% over the same period last year. EPS came in at $0.05, compared to -$0.11 in the year-ago quarter.
The reported revenue represents a surprise of -15.85% over the Zacks Consensus Estimate of $23.77 million. With the consensus EPS estimate being $0.13, the EPS surprise was -61.54%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $20 million compared to the $23.77 million average estimate based on five analysts.
Total non-interest income (loss), net: $44 million compared to the $39.18 million average estimate based on five analysts.
Other income, net: $2 million compared to the $4.85 million average estimate based on five analysts.
Investment fair value changes, net: $15 million versus the four-analyst average estimate of $13.81 million.
Interest income: $190 million versus the three-analyst average estimate of $184.94 million.
Shares of Redwood Trust have returned -4.7% over the past month versus the Zacks S&P 500 composite's +3.6% 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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Redwood Trust (RWT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Redwood Trust (RWT - Free Report) reported revenue of $20 million, down 25.9% over the same period last year. EPS came in at $0.05, compared to -$0.11 in the year-ago quarter.
The reported revenue represents a surprise of -15.85% over the Zacks Consensus Estimate of $23.77 million. With the consensus EPS estimate being $0.13, the EPS surprise was -61.54%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $20 million compared to the $23.77 million average estimate based on five analysts.
- Total non-interest income (loss), net: $44 million compared to the $39.18 million average estimate based on five analysts.
- Other income, net: $2 million compared to the $4.85 million average estimate based on five analysts.
- Investment fair value changes, net: $15 million versus the four-analyst average estimate of $13.81 million.
- Interest income: $190 million versus the three-analyst average estimate of $184.94 million.
View all Key Company Metrics for Redwood Trust here>>>Shares of Redwood Trust have returned -4.7% over the past month versus the Zacks S&P 500 composite's +3.6% 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.