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Redwood Trust (RWT)
NYSE:RWT
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -0.31%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Redwood Trust's strategic progress and strong growth in key platforms like Sequoia and CoreVest, alongside significant dividend increases and reduction in unsecured debt. However, it also underscored challenges such as a decline in GAAP earnings, increased delinquencies in some portfolios, and the impact of elevated mortgage rates. Despite these challenges, the company appears well-positioned for growth in 2025.Company Guidance
During the Redwood Trust Fourth Quarter 2024 Financial Results Conference Call, the company provided guidance that emphasized its strategic priorities and financial performance. Redwood Trust reported a 5.7% total economic return for the year amidst volatile interest rates, including three separate 100 basis point swings in treasury yields. The company successfully improved its operating efficiency and increased its common stock dividend in the last two quarters of 2024. Looking forward to 2025, Redwood Trust aims to capitalize on the downsizing of mortgage activity within the banking sector, as banks represented 40% of their lock volume in 2024, doubling from 2023. The company anticipates a 30% plus year-over-year volume increase in its Sequoia segment, targeting a 20% return on capital, and expects CoreVest's volumes to approach $2.5 billion annually. Additionally, Redwood expanded its Aspire platform to tap into the $100 billion addressable market for expanded credit, foreseeing potential 2025 volumes to exceed $2 billion. These initiatives, along with leveraging emerging technologies like AI, are expected to drive profitable growth and expand access to credit for American households.Strong Full-Year Performance
Redwood Trust demonstrated significant progress in 2024, returning operating businesses to strong profitability with a 5.7% total economic return amidst fluctuating treasury yields.
Increased Dividend
The company raised its common stock dividend in each of the final two quarters of 2024.
Strategic Opportunities with Banks
Banks represented 40% of lock volume in 2024, doubling from 2023, indicating a strong build-out of the bank seller network.
Sequoia Platform Growth
Lock volume increased by 4% from the third quarter to $2.3 billion, with January locks totaling over $1 billion, marking a 35% increase compared to Q4's pace.
CoreVest Platform Advancements
Fourth quarter fundings totaled $501 million, up nearly 10% from the third quarter, with a focus on single asset bridge and DSCR loans.
Unsecured Debt Reduction
Convertible debt as a percentage of equity was reduced from 65% to 31% by the end of 2024.
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RWT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RWT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $6.46 | $6.38 | -1.24% |
| Oct 30, 2024 | $7.44 | $7.12 | -4.30% |
| Aug 01, 2024 | $6.92 | $6.73 | -2.75% |
| Apr 30, 2024 | $5.14 | $5.74 | +11.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Redwood Trust (RWT) report earnings?
Redwood Trust (RWT) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Redwood Trust (RWT) earnings time?
Redwood Trust (RWT) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RWT EPS forecast?
RWT EPS forecast for the fiscal quarter 2025 (Q1) is 0.15.
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