Redwood Trust Inc reports results for the quarter ended December 31 - Earnings Summary

• Redwood Trust Inc RWT.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of ten analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 12 cents to 19 cents per share.

• Revenue rose 38% to $27.60 million from a year ago; analysts expected $28.69 million.

• Redwood Trust Inc's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $8.4 million.

• Redwood Trust Inc shares had fallen by 1.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.3% 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 6 "strong buy" or "buy," 4 "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 Redwood Trust Inc is $8.00

This summary was machine generated from LSEG data February 13 at 10:46 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)