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

• Rithm Capital Corp. RITM.N reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of ten analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 47 cents to 53 cents per share.

• Revenue rose 5.7% to $479.59 million from a year ago; analysts expected $460.70 million.

• Rithm Capital Corp.'s reported EPS for the quarter was 38 cents​.

• The company reported quarterly net income of $217.13 million.

• Rithm Capital Corp. shares had fallen by 2.8% this quarter and lost 20.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Rithm Capital Corp. is $13.00, about 33.2% above its last closing price of $8.68

This summary was machine generated from LSEG data October 23 at 01:31 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)