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Rithm Capital (NYSE:RITM) is scheduled to announce Q1 earnings results on Thursday, May 4th, before market open.
The consensus EPS estimate is $0.32 (-12.65% Y/Y) and consensus revenue estimate is $810.7M (-53.12% Y/Y)
Over the last 2 years, RITM has beaten EPS and revenue estimates 88% of the time.
Over the last 3 months, EPS estimates have seen 4 upward revisions and 4 downward revisions. Revenue estimates have seen 1 upward revision and 4 downward revisions.
Can RITM post an earnings beat?
“mREITs, such as Rithm Capital, are perceived as “second-order, third-order dangers” that could unravel further, given the ongoing banking crisis,” Seeking Alpha author JR Research said in a recent research note.
The residential mortgage REIT’s Q4 earnings topped Wall Street expectations as interest income rose and expenses fell.
For Q1, the results from other residential-focused mortgage REITs that have already reported have largely been hit-and-miss, given the volatile interest rate environment and their typically high leverage and uncertain hedge exposure, SA columnist Hoya Capital said.
SA contributors and sell-side analysts are positive on Rithm Capital, having given the stock a Buy rating.
However, an outright Q1 beat seems difficult for the company in the prevailing market conditions.
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