Redwood Trust (RWT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octobe ...

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Redwood Trust ( RWT ) is a California based REIT. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking and Investment Portfolio. The REIT has a high sensitivity to rates, with a high level in mortgages hampering the bread and Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and ...

UNITED STATES OF AMERICA 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: June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------------------------------------------------------------------------------------------------|------------------------------------------| | | | | For the Transition ...

Redwood Trust, Inc. (NYSE:RWT) Q2 2024 Results Conference Call August 1, 2024 8:00 AM ET Company Participants Kaitlyn Mauritz - Head of Investor Relations Chris Abate - Chief Executive Officer Dash Robinson - President Brooke Carillo - Chief Financial Officer Conference Call Participants Bose George - KBW Douglas Harter - UBS Crispin Love - Piper Sandler Jason Weaver - Jones Trading Don Fandetti - Wells Fargo Stephen Laws - Raymond James Eric Hagen - BTIG Rick Shane - JPMorgan Steve Delaney - Citizens JMP S ...

Redwood Trust (RWT) reported $25.3 million in revenue for the quarter ended June 2024, representing a yearover-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 ...

Redwood Trust (RWT) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this specialty finance company would post earnings of $0.08 per share when it actually produced earnings of $0.08, delivering no surprise. Over the last four quarters, the c ...

Exhibit 99.1 R E D W O O D T R U S T REDWOOD TRUST REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS MILL VALLEY, CA – Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended June 30, 2024. Key Q2 2024 Financial Results and Metrics • GAAP book value per common share was $8.73 at June 30, 2024, relative to $8.78 per share at March 31, 2024 ◦ Economic return on book value ...

This specialty finance company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of -14.3%. Revenues are expected to be $28.13 million, up 8.2% from the year-ago quarter. The market expects Redwood Trust (RWT) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a power ...

Redwood Trust, Inc. (RWT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, RWT's 50- day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages bein ...