Rithm Shares Slip to $9.95 After 6.6% Monthly Drop; Forward P/E at 4.38
Rithm closed at $9.95, down 1.39% with a one-month drop of 6.57% compared to the Finance sector’s 2.41% loss and the S&P 500’s 1.3%. The REIT trades at a forward P/E of 4.38 versus its industry’s 10.94 multiple and expects Q1 revenue of $1.26 billion (+64.5%).
1. Recent Stock Performance
Rithm closed at $9.95 on the latest trading day, down 1.39% from the previous session and 6.57% over the past month, underperforming the Finance sector’s 2.41% loss and the S&P 500’s 1.3% decline.
2. First Quarter Forecast
The company is projected to report first-quarter EPS of $0.52, flat year-over-year, alongside revenue of $1.26 billion, marking a 64.51% increase from the prior-year quarter.
3. Full-Year Estimates
Analysts’ consensus for the full fiscal year forecasts earnings of $2.30 per share (down 2.13%) and revenue of $5.32 billion (up 21.38%) compared to last year.
4. Valuation and Analyst Sentiment
Rithm trades at a forward P/E of 4.38, a steep discount to the industry average of 10.94, and holds a Zacks Rank of #3, indicating a neutral outlook.