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Ready Capital (RC) Gains As Market Dips: What You Should Know
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Ready Capital (RC - Free Report) closed the most recent trading day at $16.05, moving +1.71% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.35%. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq lost 0.39%.
Prior to today's trading, shares of the real estate investment trust had gained 6.26% over the past month. This has outpaced the Finance sector's gain of 3.21% and the S&P 500's gain of 4.48% in that time.
RC will be looking to display strength as it nears its next earnings release. On that day, RC is projected to report earnings of $0.43 per share, which would represent year-over-year growth of 16.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.78 million, up 11.31% from the year-ago period.
Any recent changes to analyst estimates for RC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. RC currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, RC is currently trading at a Forward P/E ratio of 8.73. This represents a discount compared to its industry's average Forward P/E of 9.23.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Ready Capital (RC) Gains As Market Dips: What You Should Know
Ready Capital (RC - Free Report) closed the most recent trading day at $16.05, moving +1.71% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.35%. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq lost 0.39%.
Prior to today's trading, shares of the real estate investment trust had gained 6.26% over the past month. This has outpaced the Finance sector's gain of 3.21% and the S&P 500's gain of 4.48% in that time.
RC will be looking to display strength as it nears its next earnings release. On that day, RC is projected to report earnings of $0.43 per share, which would represent year-over-year growth of 16.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.78 million, up 11.31% from the year-ago period.
Any recent changes to analyst estimates for RC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. RC currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, RC is currently trading at a Forward P/E ratio of 8.73. This represents a discount compared to its industry's average Forward P/E of 9.23.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.