Redwood Trust Q3 2023 Adj EPS $0.09 Misses $0.16 Estimate, Sales $20.00M Miss $32.68M Estimate
Portfolio Pulse from vinayak@benzinga.com
Redwood Trust (NYSE:RWT) reported Q3 2023 earnings of $0.09 per share, missing the analyst consensus estimate of $0.16 by 43.75%. The company's quarterly sales were $20.00 million, missing the analyst consensus estimate of $32.68 million by 38.80%. Both earnings and sales have decreased compared to the same period last year.
October 30, 2023 | 8:23 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Redwood Trust's Q3 2023 earnings and sales have significantly missed estimates, indicating a potential negative impact on the company's stock.
Redwood Trust's earnings and sales for Q3 2023 have significantly missed analyst estimates. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100