Rithm (RITM) Suffers a Larger Drop Than the General Market: Key Insights

Company Overview - Rithm (RITM) closed at $12.38, reflecting a -1.28% change from the previous day, underperforming the S&P 500 which saw a loss of 0.05% [1] - The stock has increased by 1.37% over the past month, lagging behind the Finance sector's gain of 4.15% and the S&P 500's gain of 3.44% [1] Financial Performance - Upcoming EPS for Rithm is projected at $0.52, indicating a 3.70% decrease compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is $1.22 billion, representing a significant increase of 96.45% from the previous year [2] - For the full year, earnings are projected at $2.12 per share, with revenue expected to be $4.52 billion, showing changes of +0.95% and -13.64% respectively from the prior year [3] Analyst Estimates and Market Sentiment - Changes in analyst estimates for Rithm are crucial as they reflect short-term business trends, with positive revisions indicating optimism regarding business and profitability [3] - The Zacks Rank system, which assesses these estimate changes, currently ranks Rithm at 3 (Hold) [5] Valuation Metrics - Rithm's Forward P/E ratio is 5.92, which is a discount compared to the industry average Forward P/E of 13.33 [6] - The Financial - Miscellaneous Services industry, to which Rithm belongs, holds a Zacks Industry Rank of 63, placing it in the top 26% of over 250 industries [6]