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Rithm (RITM) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, Rithm (RITM - Free Report) was down 1.29% at $9.20. This change lagged the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a drop of 0.59%, and the technology-dominated Nasdaq saw a decrease of 0.05%.
Shares of the real estate investment trust witnessed a gain of 1.41% over the previous month, trailing the performance of the Finance sector with its gain of 2.54%, and outperforming the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Rithm in its upcoming release. The company plans to announce its earnings on July 28, 2026. It is anticipated that the company will report an EPS of $0.5, marking a 7.41% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.46 billion, up 19.89% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.23 per share and a revenue of $6.02 billion, demonstrating changes of -5.11% and +37.48%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Rithm. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.55% downward. Currently, Rithm is carrying a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Rithm has a Forward P/E ratio of 4.18 right now. This represents a discount compared to its industry average Forward P/E of 10.79.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 29% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Rithm (RITM) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Rithm (RITM - Free Report) was down 1.29% at $9.20. This change lagged the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a drop of 0.59%, and the technology-dominated Nasdaq saw a decrease of 0.05%.
Shares of the real estate investment trust witnessed a gain of 1.41% over the previous month, trailing the performance of the Finance sector with its gain of 2.54%, and outperforming the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Rithm in its upcoming release. The company plans to announce its earnings on July 28, 2026. It is anticipated that the company will report an EPS of $0.5, marking a 7.41% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.46 billion, up 19.89% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.23 per share and a revenue of $6.02 billion, demonstrating changes of -5.11% and +37.48%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Rithm. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.55% downward. Currently, Rithm is carrying a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Rithm has a Forward P/E ratio of 4.18 right now. This represents a discount compared to its industry average Forward P/E of 10.79.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 29% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.