Rithm Capital Q4 Adj. EPS $0.51 Beats $0.38 Estimate, Sales $454.32M Beat $446.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rithm Capital (NYSE:RITM) reported Q4 adjusted EPS of $0.51, surpassing the $0.38 estimate, marking a 34.21% beat and a 54.55% increase from last year's $0.33. Quarterly sales reached $454.32M, exceeding the $446.41M estimate by 1.77%, despite a 40.41% decrease from last year's $762.40M.
February 07, 2024 | 11:47 am
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Rithm Capital reported a significant beat on both EPS and sales estimates for Q4, with EPS at $0.51 against a $0.38 estimate and sales of $454.32M against a $446.41M estimate.
Beating both EPS and sales estimates significantly, especially by 34.21% for EPS, indicates strong operational performance and efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation. However, the notable year-over-year decrease in sales might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100