Capital ready RC reported fourth quarter earnings results on Tuesday, February 27, 2024 at 4:15 p.m.
Here’s what investors need to know about the announcement.
Earnings
Ready Capital missed estimated earnings by -13.0%, reporting EPS of $0.26 versus an estimate of $0.3.
Revenue decreased by $11.09 million compared to the same period last year.
Past earnings performance
In the last quarter the company missed EPS by $0.08, followed by a 1.0% increase in the stock price the next day.
Here’s a look at Ready Capital’s past performance:
| Quarter | Third quarter 2023 | Second quarter 2023 | First quarter 2023 | Fourth quarter 2022 |
|---|---|---|---|---|
| EPS estimate | 0.36 | 0.36 | 0.41 | 0.42 |
| Actual EPS | 0.28 | 0.35 | 0.30 | 0.40 |
| Revenue estimate | 87.54 million | 62.72 million | 76.68 million | 78.37 million |
| Actual revenue | 58.98 million | 60.35 million | 57.18 million | 63.63 million |
To track all earnings releases for Ready Capital, visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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