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Rithm (RITM) Exceeds Market Returns: Some Facts to Consider
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Rithm (RITM - Free Report) ended the recent trading session at $11.35, demonstrating a +1.34% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.26% for the day. Elsewhere, the Dow gained 0.6%, while the tech-heavy Nasdaq added 0.25%.
Coming into today, shares of the real estate investment trust had gained 0.45% in the past month. In that same time, the Finance sector gained 0.62%, while the S&P 500 gained 1.57%.
The upcoming earnings release of Rithm will be of great interest to investors. The company is predicted to post an EPS of $0.54, indicating a 10% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.37 billion, down 34.89% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.14 per share and a revenue of $4.46 billion, indicating changes of +1.9% and 0%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rithm. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Rithm is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Rithm is currently being traded at a Forward P/E ratio of 4.82. For comparison, its industry has an average Forward P/E of 11.77, which means Rithm is trading at a discount to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 171, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Rithm (RITM) Exceeds Market Returns: Some Facts to Consider
Rithm (RITM - Free Report) ended the recent trading session at $11.35, demonstrating a +1.34% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.26% for the day. Elsewhere, the Dow gained 0.6%, while the tech-heavy Nasdaq added 0.25%.
Coming into today, shares of the real estate investment trust had gained 0.45% in the past month. In that same time, the Finance sector gained 0.62%, while the S&P 500 gained 1.57%.
The upcoming earnings release of Rithm will be of great interest to investors. The company is predicted to post an EPS of $0.54, indicating a 10% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.37 billion, down 34.89% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.14 per share and a revenue of $4.46 billion, indicating changes of +1.9% and 0%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rithm. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Rithm is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Rithm is currently being traded at a Forward P/E ratio of 4.82. For comparison, its industry has an average Forward P/E of 11.77, which means Rithm is trading at a discount to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 171, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.