Recap: Redwood Trust Q4 Earnings

Redwood Trust RWT reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Redwood Trust missed estimated earnings by 64.29%, reporting an EPS of $0.05 versus an estimate of $0.14.

Revenue was down $7.00 million from the same period last year.

Last quarter the company missed on EPS by $0.07 which was followed by a 8.59% drop in the share price the next day.

Here's a look at Redwood Trust's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.16	0.11	0.19	-0.08
EPS Actual	0.09	0.14	0.11	-0.11
Revenue Estimate	32.68M	30.48M	38.54M	39.52M
Revenue Actual	20.00M	26.00M	26.00M	27.00M

To track all earnings releases for Redwood Trust visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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