Ready Capital Q4 2023 Adj EPS $0.26 Misses $0.32 Estimate, Sales $52.54M Miss $65.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ready Capital reported Q4 2023 adjusted EPS of $0.26, missing the $0.32 estimate, and sales of $52.54M, missing the $65.96M estimate. This represents a 17.43% decrease in sales compared to the same period last year.

February 27, 2024 | 9:50 pm
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Ready Capital reported a significant miss in both adjusted EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially in a quarter-over-quarter comparison, typically leads to negative investor sentiment and could result in a short-term decrease in stock price. The year-over-year sales decrease further compounds the negative outlook, indicating potential underlying issues that could concern investors.
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