Ready Capital Corp reports results for the quarter ended September 30 - Earnings Summary

• Ready Capital Corp RC.N reported a quarterly adjusted loss of 94 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of eight analysts for the quarter was for a loss of 12 cents per share. Wall Street expected results to range from -66 cents to 23 cents per share.

• Revenue fell 74.3% to $13.12 million from a year ago; analysts expected $13.65 million.

• Ready Capital Corp's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $22.74 million.

• Ready Capital Corp shares had fallen by 23.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Ready Capital Corp is $2.50, about 34.8% above its last closing price of $1.63

This summary was machine generated from LSEG data February 26 at 11:58 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)