Rithm Capital Q1 2024 Earnings Available For Distribution $0.48 Beats $0.37 Estimate
Portfolio Pulse from Benzinga Newsdesk
Rithm Capital (NYSE:RITM) reported Q1 2024 earnings per share of $0.48, surpassing the analyst consensus estimate of $0.37 by 29.73%.
April 30, 2024 | 10:46 am
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Rithm Capital reported a significant earnings beat for Q1 2024, with EPS of $0.48 against estimates of $0.37.
Earnings beats typically lead to positive investor sentiment and can cause a short-term increase in stock price. Rithm Capital's substantial beat of analyst estimates by 29.73% is likely to result in increased investor confidence and potential upward movement in its stock price in the short term.
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