Rithm (RITM) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Performance - Rithm (RITM) closed at $11.29, reflecting a -1.4% change from the previous day's closing price, underperforming the S&P 500 which lost 1.13% [1] - Over the past month, Rithm's shares have decreased by 1.55%, while the Finance sector gained 1.24% and the S&P 500 increased by 3.55% [1] Earnings Expectations - The upcoming earnings report for Rithm is expected to show an EPS of $0.52, representing a 10.64% increase compared to the same quarter last year [2] - Revenue is projected at $1.22 billion, indicating a 0.61% decline from the equivalent quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are estimated at $2.1 per share, with revenue expected to be $4.53 billion, reflecting no change in earnings and a -13.56% decrease in revenue from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Rithm are significant as they indicate shifting near-term business trends, with upward revisions suggesting positive sentiment towards the company's operations [4] Zacks Rank and Valuation - Rithm currently holds a Zacks Rank of 1 (Strong Buy), with the consensus EPS estimate having increased by 2.78% over the past month [6] - The Forward P/E ratio for Rithm is 5.46, which is a discount compared to the industry average Forward P/E of 11.21 [7] Industry Context - The Financial - Miscellaneous Services industry, to which Rithm belongs, has a Zacks Industry Rank of 137, placing it in the bottom 45% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating the competitive landscape within the sector [8]