• Markets
• News

• Ready Capital Corp RC.N reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 22 cents to 48 cents per share.

• Revenue fell 17.4% to $52.54 million from a year ago; analysts expected $65.96 million.

• Ready Capital Corp's reported EPS for the quarter was 4 cents​.

• The company reported quarterly income of $7.76 million.

• Ready Capital Corp shares had fallen by 12.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

• In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and "sell" or "strong sell."

• Wall Street's median 12-month price target for Ready Capital Corp is $11.00

This summary was machine generated from LSEG data February 28 at 10:14 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)