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For the quarter ended March 2025, Ready Capital (RC) reported revenue of $14.5 million, down 70.1% over the same period last year. EPS came in at $0.00, compared to $0.29 in the year-ago quarter.
The reported revenue represents a surprise of -73.83% over the Zacks Consensus Estimate of $55.4 million. With the consensus EPS estimate being $0.12, the EPS surprise was -100.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ready Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Total non-interest income (loss): $25.74 million versus the four-analyst average estimate of $35.17 million. The reported number represents a year-over-year change of -125.1%.
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Net realized gain (loss) on financial instruments and real estate owned: $10.67 million compared to the $20.03 million average estimate based on three analysts.
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Interest income: $154.97 million versus $213.17 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -33.3% change.
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Income on unconsolidated joint ventures: -$3.98 million compared to the $3.08 million average estimate based on three analysts.
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Other income: $11.59 million compared to the $14.74 million average estimate based on three analysts. The reported number represents a change of -24.6% year over year.
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Servicing income, net: $6.46 million compared to the $4.42 million average estimate based on three analysts. The reported number represents a change of +71.8% year over year.
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Net unrealized gain (loss) on financial instruments: -$1.75 million versus the two-analyst average estimate of -$6.02 million.
View all Key Company Metrics for Ready Capital here>>>
Shares of Ready Capital have returned -8.9% over the past month versus the Zacks S&P 500 composite's +11.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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