Redwood Trust (NYSE:RWT) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Redwood Trust missed estimated earnings by 64.29%, reporting an EPS of $0.05 versus an estimate of $0.14.
Revenue was down $7.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.07 which was followed by a 8.59% drop in the share price the next day.
Here’s a look at Redwood Trust’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.16 | 0.11 | 0.19 | -0.08 |
| EPS Actual | 0.09 | 0.14 | 0.11 | -0.11 |
| Revenue Estimate | 32.68M | 30.48M | 38.54M | 39.52M |
| Revenue Actual | 20.00M | 26.00M | 26.00M | 27.00M |
To track all earnings releases for Redwood Trust visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
