New Residential Investment Corp. (NYSE:NRZ) real estate investment trust, is reporting third quarter earnings results on Monday 26th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.38 per share from $ 661.32 million in revenue.
For the full year, analysts predict revenues of $ 2071.39 million, while looking forward to income of $ 1.53 per share.
Previous Quarter Performance
New Residential Investment Corp. communicated loss for the second quarter of $ 0.02 per share, from the revenue of $ 115.80 million, On adjusted basis, NRZ reported income for the quarter of $ 0.34 per share. The quarterly revenues contracted 38.42 percent compared with the same quarter last year. The consensus estimates are income of $ 0.31 per share from $ 111.13 million in revenue. The bottom line results beat street analysts by $ 0.03 or 9.68 percent, at the same time, top line results outshined analysts by $ 4.67 million or 4.20 percent.
Stock Performance
On Friday, shares of New Residential Investment Corp. has traded high as $ 8.76 and has cracked $ 8.42 on the downward trend, reaching $ 8.73 with volume of 4.83 million shares.
According to the previous trading day, closing price of $ 8.73, representing a 191.07 % increase from the 52 week low of $ 2.91 and a 52.04 % decrease over the 52 week high of $ 17.66.
The company has a market capital of $ 3.63 billion and is part of the Real Estate sector and REIT – Residential industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 11.00 target price.
Conference Call
New Residential Investment Corp. will be hosting a conference call at 8:00 AM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.newresi.com
New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing and Originations, Residential Securities and Loans, and Consumer Loans segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.
