Redwo
Redwood Belief (RWT) got here out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.39 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 21.62%. 1 / 4 in the past, it was anticipated that this specialty finance firm would submit earnings of $0.38 per share when it really produced earnings of $0.37, delivering a shock of -2.63%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Redwood Belief, which belongs to the Zacks REIT and Fairness Belief business, posted revenues of $45 million for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 11.80%. This compares to year-ago revenues of $17 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the…