The highly anticipated financial results for the third quarter of Rithm Capital Corp (NYSE: RITM) are scheduled to be disclosed on Tuesday 29th October 2024. This important update will be made available before market open, providing investors and market participants with key information regarding the company's financial status.
According to predictions from financial analysts on Wall Street, the organization is expected to report an estimated per share $0.42 profit for the quarter. Furthermore, the company is anticipated to unveil a total revenue of $469.08 million during this period.
Financial analysts have shared their forecasts for the company's annual performance, indicating their belief that the company will achieve a total revenue of $1.85 billion. Additionally, they predict that the earnings per share for the company will hit profit of $1.78 by the end of the fiscal year.
In the preceding quarter of the previous year, the company shared its financial results, revealing that it had income of $0.58 per share.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.47 | -24.2% | 478.65 M | -53.9% |
| Q1 2024 | $0.48 | +37.1% | 448.18 M | -42.8% |
| Q4 2023 | $0.51 | +54.5% | 454.32 M | -40.4% |
| Q3 2023 | $0.58 | +81.3% | 476.61 M | -47.8% |
| Q2 2023 | $0.62 | +100.0% | 1.04 B | -21.5% |
| *Growth on year-over-year basis | ||||
RITM has scheduled a conference call on 29th October 2024 at 08:00 AM eastern time to discuss the third quarter financial results and other related information.
The previous trading day saw Rithm Capital Corp (RITM) shares trading between $10.46 and $10.66, besides a volume of 3.65 million shares. The stock closed Friday's regular trading session at $10.48, indicating 0.85 percent downfall.