Rithm Capital (NYSE:RITM) will release its quarterly earnings report on Tuesday, 2024-10-29. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Rithm Capital to report an earnings per share (EPS) of $0.42.
Rithm Capital bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings Track Record
The company's EPS beat by $0.05 in the last quarter, leading to a 2.24% drop in the share price on the following day.
Here's a look at Rithm Capital's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.42 | 0.37 | 0.38 | 0.39 |
| EPS Actual | 0.47 | 0.48 | 0.51 | 0.58 |
| Price Change % | -2.0% | 0.0% | -1.0% | -1.0% |
Rithm Capital Share Price Analysis
Shares of Rithm Capital were trading at $10.48 as of October 25. Over the last 52-week period, shares are up 12.92%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Rithm Capital visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
