Prepared Capital (RC) reported $48.55 million in income for the quarter ended March 2024, representing a year-over-year decline of 15.1%. EPS of $0.29 for a similar interval compares to $0.31 a 12 months in the past.
The reported income represents a shock of -24.55% over the Zacks Consensus Estimate of $64.34 million. With the consensus EPS estimate being $0.28, the EPS shock was +3.57%.
Whereas traders intently watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Avenue expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher challenge a inventory’s value efficiency.
Right here is how Prepared Capital carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Servicing revenue, internet: $3.76 million versus $4.79 million estimated by 4 analysts on common.
- Whole non-interest revenue: -$102.63 million versus the four-analyst common estimate of $49.46 million.
- Different revenue: $15.38 million in comparison with the $31.85 million common estimate primarily based on 4 analysts.
- Whole curiosity revenue: $232.35 million versus $251.81 million estimated by three analysts on common.
View all Key Company Metrics for Ready Capital here>>>
Shares of Prepared Capital have returned -1.4% over the previous month versus the Zacks S&P 500 composite’s -0.2% change. The inventory at the moment has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.
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Ready Capital Corp (RC) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
