Ready Capital Earnings Preview
Portfolio Pulse from Benzinga Insights
Ready Capital (NYSE:RC) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $0.36. The company's past performance shows a trend of missing EPS estimates, which has led to drops in share price. The stock is currently trading at $10.16, down 20.93% over the last 52-week period.
November 06, 2023 | 5:01 pm
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NEGATIVE IMPACT
Ready Capital's upcoming earnings report could impact its stock price, especially if it misses the estimated EPS of $0.36. The company's stock has been on a downward trend, losing 20.93% over the last 52 weeks.
Ready Capital's stock price has been negatively affected in the past by missing EPS estimates. Given the current downward trend of the stock and the upcoming earnings report, there is a high likelihood of further negative impact if the company fails to meet the estimated EPS.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100