Rithm Capital Corp reports results for the quarter ended March 31 - Earnings Summary

• Rithm Capital Corp RITM.N reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of nine analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 40 cents to 54 cents per share.

• Revenue fell 1.5% to $441.26 million from a year ago; analysts expected $515.42 million.

• Rithm Capital Corp's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of $36.5 million.

• Rithm Capital Corp shares had fallen by 9.2% this quarter and lost 4.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Rithm Capital Corp is $13.00

This summary was machine generated from LSEG data April 25 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)