Ready Capital Q2 Adj EPS $0.35 Misses $0.36 Estimate, Sales $60.35M Miss $62.72M Estimate
Portfolio Pulse from bharat@benzinga.com
Ready Capital (NYSE:RC) reported Q2 earnings of $0.35 per share, missing the analyst consensus estimate of $0.36 by 2.78%. This is a 23.91% decrease from the same period last year. The company also reported quarterly sales of $60.35 million, missing the analyst consensus estimate of $62.72 million by 3.78%. This is a 17.15% decrease from the same period last year.
August 07, 2023 | 8:39 pm
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NEGATIVE IMPACT
Ready Capital's Q2 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Ready Capital's earnings and sales for Q2 have both missed estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100