Rithm (RITM) Flat As Market Sinks: What You Should Know

Company Performance - Rithm (RITM) closed at $11.61, showing no change from the previous session, which was a narrower change compared to the S&P 500's daily loss of 0.3% [1] - In the past month, Rithm's shares gained 6.22%, matching the Finance sector's performance, while the S&P 500 gained 3.42% [1] Earnings Expectations - Analysts expect Rithm to report earnings of $0.43 per share, reflecting a year-over-year decline of 25.86% [2] - The Zacks Consensus Estimate for revenue is projected at $1.15 billion, which is an increase of 5.9% from the previous year [2] Full Year Projections - For the full year, analysts anticipate earnings of $1.82 per share and revenue of $4.82 billion, indicating changes of -11.65% and +33.25% respectively from last year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Rithm are important as they reflect changes in short-term business dynamics, with upward revisions indicating positive sentiment towards the company's operations [4] Valuation Metrics - Rithm is currently trading at a Forward P/E ratio of 6.39, which is a discount compared to the industry's average Forward P/E of 11.67 [7] - The Financial - Miscellaneous Services industry, part of the Finance sector, holds a Zacks Industry Rank of 72, placing it in the top 29% of over 250 industries [7]