Recap: Redwood Trust Q4 Earnings
Portfolio Pulse from Benzinga Insights
Redwood Trust (NYSE:RWT) reported Q4 earnings with an EPS of $0.05, missing estimates by 64.29% against an expected $0.14. Revenue decreased by $7M from the same period last year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to an 8.59% drop in share price the following day.

February 20, 2024 | 9:35 pm
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NEGATIVE IMPACT
Redwood Trust reported disappointing Q4 earnings, missing EPS estimates significantly and showing a decrease in revenue from the previous year.
Given Redwood Trust's history of missing EPS estimates and the subsequent negative impact on its share price, the Q4 earnings miss and revenue decrease are likely to have a short-term negative impact on RWT's stock price. The pattern of past performance, especially the 8.59% drop in share price following the last earnings miss, supports this analysis.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100