Redwood Trust Full Year 2023 Earnings: Misses Expectations
Redwood Trust (NYSE:RWT) Full Year 2023 Results
Key Financial Results
Net loss: US$9.00m (loss narrowed by 95% from FY 2022).
US$0.077 loss per share (improved from US$1.43 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Redwood Trust Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 11%.
Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 35%.
Performance of the American Mortgage REITs industry.
The company's shares are down 5.8% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Redwood Trust (of which 2 are concerning!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
