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Rithm Capital (RITM) - 2024 Q3 - Quarterly Report
2024-11-05 00:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________to________________ Commission File Number: 001-35777 | --- | --- | --- | |--------------------------------------------------------------------------- ...
Compared to Estimates, Rithm (RITM) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-29 15:00
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 ...
Rithm Capital (RITM) - 2024 Q3 - Earnings Call Transcript
2024-10-29 14:01
Rithm Capital Corp. (NYSE:RITM) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, Chief Executive Officer and President Baron Silverstein - President, Newrez Conference Call Participants Bose George - KBW Stephen Laws - Raymond James Eric Hagen - BTIG Kenneth Lee - RBC Capital Markets Crispin Love - Piper Sandler Jason Weaver - Jones Trading Trevor Cranston - Citizens JMP Operator Good day and welcome to th ...
Rithm (RITM) Q3 Earnings Surpass Estimates
ZACKS· 2024-10-29 12:56
Rithm (RITM) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.58%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.42 per share when it actually produced earnings of $0.47, delivering a surprise of 11.90%.Over the last four quarters, t ...
Rithm Capital (RITM) - 2024 Q3 - Earnings Call Presentation
2024-10-29 11:39
rithm Q3 2024 Quarterly Supplement Rithm Capital Quarterly Supplement Q3 2024 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements regarding Rithm Capital Corp. (together with its subsidiaries, "Rithm," "Rithm Capital," the "Company" or "we") in this Presentation may cons ...
Rithm Capital (RITM) - 2024 Q3 - Quarterly Results
2024-10-29 10:45
Exhibit 99.1 https://files.reporti Rithm Capital Corp. Announces Third Quarter 2024 Results NEW YORK - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; "Rithm Capital," "Rithm" or the "Company") today reported the following information for the third quarter ended September 30, 2024: Third Quarter 2024 Financial Highlights: (1) • GAAP net income of $97.0 million, or $0.20 per diluted common share • Earnings available for distribution of $270.3 million, or $0.54 per diluted common share • Common dividend of ...
Exploring Analyst Estimates for Rithm (RITM) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-28 14:21
Analysts on Wall Street project that Rithm (RITM) will announce quarterly earnings of $0.43 per share in its forthcoming report, representing a decline of 25.9% year over year. Revenues are projected to reach $1.11 billion, increasing 2.3% from the same quarter last year. The current level reflects a downward revision of 2.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over ...
Here's How Rithm Capital Can Afford Its 9.5% Dividend Yield
The Motley Fool· 2024-10-28 09:28
Some might call it a mortgage REIT, but there's much more to this expanding finance business. If earning an income without lifting a finger is your primary investing goal, you may have noticed that Rithm Capital (RITM -0.85%) has been offering a 9.5% dividend yield at recent prices. Stocks usually don't offer yields this high unless investors are worried about their underlying businesses. Interest rates that rose rapidly in 2022 caused many of Rithm Capital's peers to lower their payouts, but this real esta ...
Can Rithm Capital Navigate Lower Servicing Revenues in Q3 Earnings?
ZACKS· 2024-10-24 17:46
Rithm Capital Corp. (RITM) is set to report third-quarter 2024 results on Oct. 29, 2024, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at 43 cents per share on revenues of $1.11 billion. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The third-quarter earnings estimate has remained stable over the past 60 days. The bottom-line projection indicates a year-over-year plunge of 25.9%. However, the Zacks Consensus Est ...
Earnings Preview: Rithm (RITM) Q3 Earnings Expected to Decline
ZACKS· 2024-10-22 15:05
The market expects Rithm (RITM) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 29, 2024, might help the stock move higher if these key numbers are be ...