Redwood Trust Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-01

Redwood Trust (NYSE:RWT) Third Quarter 2024 Results Key Financial Results Revenue: US$69.7m (up by US$58.9m from 3Q 2023). Net income: US$13.0m (up from US$33.4m loss in 3Q 2023). Profit margin: 19% ...

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The move to profitability was driven by higher revenue.NYSE:RWT Earnings and Revenue Growth November 1st 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 10%. Earnings per share  also missed analyst estimates by 42%.Looking ahead, revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 30%.The company's shares are down 2.7% from a week ago.You should learn about the   3 warning signs  we've spotted with Redwood Trust .","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RWT":"Redwood Trust Inc"},"translate_title":"Redwood Trust 2024年第三季度收益：未达到预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RWT":1},"content_text":"Redwood Trust (NYSE:RWT) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$69.7m (up by US$58.9m from 3Q 2023).\nNet income: US$13.0m (up from US$33.4m loss in 3Q 2023).\nProfit margin: 19% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.\nEPS: US$0.098 (up from US$0.29 loss in 3Q 2023).\n\n\n\n\n  NYSE:RWT Earnings and Revenue Growth November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nRedwood Trust Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 42%. \n Looking ahead, revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 30%. \nPerformance of the American Mortgage REITs industry.\n The company's shares are down 2.7% from a week ago. \nRisk Analysis\n You should learn about the   3 warning signs  we've spotted with Redwood Trust (including 2 which shouldn't be ignored). \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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