If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Rithm (RITM) . This company, which is in the Zacks Financial - Miscellaneous Services industry, shows potential for another earnings beat.This real estate investment trust has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters wa ...

Industry and Company Focus - The financial researcher focuses on innovation, disruption, growth buy-outs, and value stocks, with a particular interest in high-tech and early-growth companies [1] - The researcher provides insights into current industry events and major news, aiming to offer readers well-researched investment opportunities [1] Analyst's Position - The analyst holds a beneficial long position in RITM shares through stock ownership, options, or other derivatives [2] - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with mentioned companies [2]

Rithm Capital has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among REITs, RITM shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent RITM share price of $10.86 represents a price-to-book ratio of 0.9 and an annual dividend yield of 9.21% — by comparison, the average stock in Dividend Channel's coverage universe yields 4.4% and t ...

In the latest trading session, Rithm (RITM) closed at $10.67, marking a -0.28% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.09%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq decreased by 0.1%.Prior to today's trading, shares of the real estate investment trust had gained 0.56% over the past month. This has outpaced the Finance sector's loss of 4.24% and the S&P 500's loss of 0.29% in that time.Analysts and investors al ...

The most recent trading session ended with Rithm (RITM) standing at $11.16, reflecting a +0.09% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.54%. At the same time, the Dow lost 0.53%, and the tech-heavy Nasdaq lost 0.66%.Coming into today, shares of the real estate investment trust had gained 3.82% in the past month. In that same time, the Finance sector gained 0.08%, while the S&P 500 gained 1.5%.The upcoming earnings release of Rithm wi ...

JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!He is a contributing author for the investing group Cash Flow Club where along with Darren McCammon, they focus on company cash flows and their access to capital. Core fe ...

Shares of Rithm Capital Corp. (RITM) have gained 3.3% since it reported better-than-expected third-quarter 2024 earnings on Oct. 29, 2024, driven by an improving performance in its Mortgage Loans Receivable business and solid Asset Management unit.Higher interest income was a key contributor to third-quarter growth, though rising expenses and declining servicing revenues partially offset these gains. Still, Rithm’s expanding Newrez business and strategic initiatives are expected to boost the market share of ...

For the quarter ended September 2024, Rithm (RITM) reported revenue of $619.51 million, down 43.1% over the same period last year. EPS came in at $0.54, compared to $0.58 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.11 billion, representing a surprise of -44.39%. The company delivered an EPS surprise of +25.58%, with the consensus EPS estimate being $0.43. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Financial Data and Key Metrics Changes - For Q3 2024, GAAP net income was $97 million, or $0.20 per diluted share, while earnings available for distribution were $270 million, or $0.54 per diluted share, reflecting a return on equity of 18% [17] - Book value increased by 8% since 2021, closing the quarter at $6.4 billion, or $12.31 per common share, with current estimates around $12.5 [16][17] - The company has $2 billion in cash and liquidity on its balance sheet as of the end of the quarter [17] Business Line Data and Key Metrics Changes - Newrez maintained its position as the second largest non-bank servicer with over $755 billion in notional UPB serviced and was the fifth largest lender with a 3.4% market share [33] - Genesis Capital reported a record quarter, with production numbers expected to close the year between $3.5 billion and $4 billion, up from $2 billion [23] - Sculptor, acquired less than a year ago, is seeing strong performance across its verticals, with significant fundraising efforts underway [11] Market Data and Key Metrics Changes - The company manages $80 billion in assets and has a servicing portfolio of approximately $875 billion [13] - The origination business reported $41 billion in origination through Q3, higher than all of 2023 [23] - The company noted low delinquency rates and high sponsor growth within its portfolio [24] Company Strategy and Development Direction - The company aims to grow assets under management (AUM) while prioritizing performance across all business lines [14] - There is a focus on expanding direct lending capabilities and exploring new market opportunities, particularly in private capital [15][21] - The company is strategically repositioning Great Ajax to focus on opportunistic investments in commercial real estate [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumer credit, noting no significant deterioration despite mixed signals in the market [30][56] - The company is closely monitoring macroeconomic factors, including inflation and potential impacts from the upcoming election, while maintaining a cautious approach to capital deployment [27][72] - Management believes that current capital deployment in real estate will yield significant rewards in the future [26] Other Important Information - The company raised $300 million in equity to support growth and M&A activities, having deployed $5.8 billion since 2021 without raising equity prior [8][20] - The company is focused on maintaining operational efficiency and flexibility in its origination and servicing operations [38] Q&A Session Summary Question: Thoughts on potentially listing part of Newrez - Management indicated that a potential public listing of Newrez could occur in 2025, depending on market conditions and equity pricing [46] Question: Update on book value in October - Book value is approximately $12.5 [47] Question: Residential volume refinance activity - Refinance volume was close to 30% of overall production, with expectations to normalize [48] Question: Performance fees in Q4 for Sculptor - Management expects to see performance fees in Q4, with potential lumpiness in earnings as AUM grows [49][50] Question: Flexibility to repurpose capital from Newrez - Management confirmed the ability to redeploy capital across segments as needed [52] Question: Perspectives on consumer credit - The servicing portfolio remains in good shape, with manageable delinquency rates [56] Question: Recent net flow picture for Sculptor - AUM has increased to approximately $34 billion, with strong performance across various strategies [60] Question: Direct lending expansion - The company is exploring partnerships and opportunities in direct lending, particularly in the credit space [65] Question: Expectations for sustainable operating ROEs - Management aims for mid-teens returns, consistent with historical performance [68] Question: Election implications for Rithm - Management anticipates potential volatility but believes a divided government may mitigate extreme policy changes [70][72] Question: Dividend payout considerations - Management is cautious about raising dividends, focusing on long-term capital deployment for growth [78] Question: Operational flexibility in origination - The company has significant operational headroom to manage varying origination volumes [81] Question: Growth opportunities in the wholesale channel - Management sees potential for growth in the wholesale channel through technology upgrades and disciplined capital deployment [84]