Ready Capital (RC - Free Report) closed at $16.14 in the latest trading session, marking a +0.19% move from the prior day. The stock lagged the S&P 500's daily gain of 1.29%. Elsewhere, the Dow gained 1.49%, while the tech-heavy Nasdaq added 1.46%.
Prior to today's trading, shares of the real estate investment trust had gained 10.57% over the past month. This has outpaced the Finance sector's gain of 4.44% and the S&P 500's gain of 4.57% in that time.
Investors will be hoping for strength from RC as it approaches its next earnings release. In that report, analysts expect RC to post earnings of $0.43 per share. This would mark year-over-year growth of 16.22%. Our most recent consensus estimate is calling for quarterly revenue of $16.78 million, up 11.31% from the year-ago period.
Investors should also note any recent changes to analyst estimates for RC. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. RC is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note RC's current valuation metrics, including its Forward P/E ratio of 8.92. This represents a discount compared to its industry's average Forward P/E of 9.51.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.