Rithm (RITM) Laps the Stock Market: Here's Why

Shares of the real estate investment trust witnessed a loss of 3.81% over the previous month, trailing the performance of the Finance sector with its loss of 0.44% and the S&P 500's gain of 3.96%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.76 per share and revenue of $4.82 billion. These totals would mark changes of -14.56% and +33.16%, respectively, from last year. Empirical research indicates that these revisions in estimates have a direct correla ...