Can Ready Capital (RC) Keep the Earnings Surprise Streak Alive?

Core Viewpoint - Ready Capital (RC) is positioned to continue its earnings-beat streak, having surpassed earnings estimates consistently in recent quarters [1][5]. Earnings Performance - In the last reported quarter, Ready Capital achieved earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of$0.21 per share, resulting in a surprise of 9.52% [2]. - In the previous quarter, the company was expected to report earnings of $0.23 per share but delivered$0.25 per share, leading to a surprise of 8.70% [2]. Earnings Estimates and Predictions - Estimates for Ready Capital have been trending higher, influenced by its history of earnings surprises [5]. - The stock has a positive Zacks Earnings ESP of +8.33%, indicating that analysts have recently become more optimistic about the company's earnings prospects [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].