Ready Capital Posts Q4 Loss of $0.09, EPS Beats Estimates by 18%
Ready Capital reported a Q4 adjusted loss of $0.09 per share, beating the consensus loss estimate of $0.11 by 18.18% but shrinking from a $0.23 profit a year earlier. Revenue fell to $13.12 million, missing estimates by 3.9% and tumbling from $50.05 million year-over-year.
1. Q4 Earnings and EPS Surprise
Ready Capital delivered an adjusted loss of $0.09 per share in Q4, outperforming the consensus loss estimate of $0.11 by 18.18% and improving from a $0.23 profit in the prior-year period. This marks only the second time in four quarters that the company has beaten EPS estimates.
2. Revenue Decline and Estimate Miss
Quarterly revenues totaled $13.12 million, falling short of the consensus estimate by 3.9% and plunging from $50.05 million a year earlier. Ready Capital has missed revenue estimates in each of the past four quarters, highlighting ongoing top-line challenges.
3. Stock Performance and Analyst Outlook
Shares have declined 23.9% year to date versus a 1.5% gain for the S&P 500. Consensus forecasts call for a $0.09 per share loss on $14.8 million in revenue next quarter and a full-year loss of $0.20 on $64.02 million in sales, reflecting cautious analyst sentiment.