Redwood Trust Q4 2023 Adj EPS $0.05 Misses $0.14 Estimate, Sales $20.00M Miss $27.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Redwood Trust (NYSE:RWT) reported Q4 2023 adjusted EPS of $0.05, missing the $0.14 estimate, and sales of $20.00M, missing the $27.21M estimate. This represents a 25.93% decrease in sales compared to the same period last year.
February 20, 2024 | 9:32 pm
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NEGATIVE IMPACT
Redwood Trust reported a significant miss in both EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100