Ready Capital (NYSE: RC) recently reported its fourth-quarter earnings results, and the numbers fell short of expectations. The company posted an EPS of $0.26, missing the estimated earnings of $0.3 by -13.0%. Additionally, revenue was down $11.09 million from the same period last year.
This disappointing performance follows a trend for Ready Capital, as the company also missed on EPS in the previous quarter. Despite this, there was a 1.0% increase in the share price the day after the last earnings report.
Looking back at Ready Capital’s past earnings performance, there have been fluctuations in both EPS and revenue over the last few quarters. For example, in the third quarter of 2023, the company reported an EPS of $0.28, below the estimated $0.36, and revenue of $58.98 million, missing the estimated $87.54 million.
Investors interested in tracking Ready Capital’s earnings releases can visit their earnings calendar on Benzinga’s website.
It’s important for investors to keep an eye on companies’ earnings reports as they can provide valuable insights into the financial health and performance of the business. While Ready Capital may have missed expectations in this latest quarter, it’s essential to consider the broader context and trends in the company’s financials.
This article was generated by Benzinga’s automated content engine and reviewed by an editor. Benzinga does not provide investment advice, but it offers valuable resources for investors to stay informed about market news and earnings updates.
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