Ready Capital: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ready Capital (NYSE:RC) reported Q4 earnings with an EPS of $0.26, missing estimates by -13.0% against an expected $0.3. Revenue decreased by $11.09 million compared to the same period last year. Despite missing EPS estimates last quarter, the share price increased by 1.0% the following day. Historical earnings performance shows a pattern of not meeting EPS estimates over the past year.
February 27, 2024 | 9:55 pm
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Ready Capital reported Q4 earnings with an EPS of $0.26, missing the estimate by -13.0%, and a year-over-year revenue decrease of $11.09 million.
Missing the EPS estimate by -13.0% and reporting a significant year-over-year revenue decrease are negative indicators that could lead to a short-term decrease in stock price. Historical data shows a mixed reaction to past earnings misses, but the consistent underperformance in earnings could erode investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100