Rithm Capital Corp. (RITM) closed the trading day on October 6, 2023, at $11.26, marking a 1.26% increase compared to the previous session. The stock outperformed the S&P 500, which gained 0.23%, while the Dow fell by 0.17% and the Nasdaq rose by 0.34%. Over the past month, RITM’s shares dropped 3.81%, trailing the Finance sector’s loss of 0.44%.
In its upcoming earnings release, Rithm is expected to report an earnings per share (EPS) of $0.42, a significant decline of 32.26% year-over-year, alongside projected revenues of $1.13 billion, an increase of 8.86%. For the full year, analysts predict earnings of $1.76 per share and revenues of $4.82 billion, reflecting a 14.56% decrease in earnings and a 33.16% increase in revenue compared to the previous year.
Rithm holds a Zacks Rank of #3 (Hold), with a current Forward P/E ratio of 6.31, below the industry average of 10.43. The Financial – Miscellaneous Services industry currently ranks in the bottom 45% of over 250 industries, according to Zacks Industry Rank metrics.
