For the quarter ended December 2024, Prepared Capital (RC) reported income of $50.05 million, down 4.7% over the identical interval final 12 months. EPS got here in at $0.23, in comparison with $0.26 within the year-ago quarter.
The reported income represents a shock of -9.72% over the Zacks Consensus Estimate of $55.44 million. With the consensus EPS estimate being $0.21, the EPS shock was +9.52%.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
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 by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Servicing revenue, internet: $4.11 million versus the four-analyst common estimate of $5.67 million. The reported quantity represents a year-over-year change of -10.9%.
- Complete non-interest revenue (loss): $27 million in comparison with the $41.61 million common estimate primarily based on 4 analysts. The reported quantity represents a change of -55% 12 months over 12 months.
- Different revenue: $13.56 million in comparison with the $17.50 million common estimate primarily based on 4 analysts. The reported quantity represents a change of -70.9% 12 months over 12 months.
- Curiosity revenue: $203.97 million versus $227.69 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -18.5% change.
- Revenue on unconsolidated joint ventures: $6.07 million in comparison with the $2.58 million common estimate primarily based on three analysts.
- Web unrealized acquire (loss) on monetary devices: -$17.03 million versus the three-analyst common estimate of $0.82 million.
- Web realized acquire (loss) on monetary devices and actual property owned: -$10.93 million versus the three-analyst common estimate of $18.45 million.
View all Key Company Metrics for Ready Capital here>>>
Shares of Prepared Capital have returned +4.2% over the previous month versus the Zacks S&P 500 composite’s -1.3% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out according to the broader market within the close to time period.
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Ready Capital Corp (RC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
