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Redwood Trust (RWT) Reports Q2 Earnings: What Key Metrics Have to Say
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Redwood Trust (RWT - Free Report) reported $25.3 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.7%. EPS of $0.13 for the same period compares to $0.14 a year ago.
The reported revenue represents a surprise of -10.05% over the Zacks Consensus Estimate of $28.13 million. With the consensus EPS estimate being $0.12, the EPS surprise was +8.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Redwood Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest income
: $25.30 million compared to the $28.13 million average estimate based on five analysts.
Total non-interest income (loss), net
: $42.20 million versus $31.17 million estimated by five analysts on average.
Residential Investor Mortgage Banking Activities, net
: $1.50 million versus the five-analyst average estimate of $9.39 million.
Residential Consumer Mortgage Banking Activities, net
: $11.20 million compared to the $11.60 million average estimate based on five analysts.
Other income, net
: $6.30 million versus the four-analyst average estimate of $4.51 million.
Investment fair value changes, net
: $1.10 million compared to the $4.58 million average estimate based on three analysts.
Shares of Redwood Trust have returned +12.7% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Redwood Trust (RWT) Reports Q2 Earnings: What Key Metrics Have to Say
Redwood Trust (RWT - Free Report) reported $25.3 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.7%. EPS of $0.13 for the same period compares to $0.14 a year ago.
The reported revenue represents a surprise of -10.05% over the Zacks Consensus Estimate of $28.13 million. With the consensus EPS estimate being $0.12, the EPS surprise was +8.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Redwood Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Redwood Trust here>>>Net interest income
: $25.30 million compared to the $28.13 million average estimate based on five analysts.Total non-interest income (loss), net
: $42.20 million versus $31.17 million estimated by five analysts on average.Residential Investor Mortgage Banking Activities, net
: $1.50 million versus the five-analyst average estimate of $9.39 million.Residential Consumer Mortgage Banking Activities, net
: $11.20 million compared to the $11.60 million average estimate based on five analysts.Other income, net
: $6.30 million versus the four-analyst average estimate of $4.51 million.Investment fair value changes, net
: $1.10 million compared to the $4.58 million average estimate based on three analysts.Shares of Redwood Trust have returned +12.7% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.