Why Is Rithm (RITM) Up 0.9% Since Last Earnings Report?
Rithm Capital (RITM) beat Q2 earnings estimates with 60 cents per share versus 50 cents consensus, driven by higher asset management revenues and strong residential lending originations. However, the company faces headwinds from lower servicing revenues and higher operating expenses. Estimates have trended downward by 7.32% in the past month, and the stock underperformed the S&P 500 with a Zacks Rank #3 (Hold) rating.