Ready Capital Q3 2023 Adj EPS $0.28 Misses $0.36 Estimate, Sales $58.98M Miss $87.54M Estimate
Portfolio Pulse from vinayak@benzinga.com
Ready Capital (NYSE:RC) reported Q3 2023 earnings of $0.28 per share, missing the analyst consensus estimate of $0.36 by 22.22%. This is a 36.36% decrease from the same period last year. The company also reported quarterly sales of $58.98 million, missing the analyst consensus estimate of $87.54 million by 32.63%, a 16.38% decrease from the same period last year.
November 07, 2023 | 10:17 pm
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NEGATIVE IMPACT
Ready Capital's Q3 2023 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact investor sentiment and the stock's short-term performance.
Ready Capital's earnings and sales for Q3 2023 missed analyst estimates and showed a significant decrease from the same period last year. This underperformance could lead to a negative investor sentiment, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100