From Nasdaq:

Rithm Capital Corp. is expected to surpass fourth-quarter 2023 earnings expectations, reporting growth in interest income and Newrez business strength. The company has a strong earnings surprise history, beating consensus estimates in all prior four quarters. The quantitative model suggests a likely earnings beat this time around, reflecting Rithm’s growth and performance. Revenue is expected to rise by 16.4% to $887 million due to higher fees and interest income. The high interest rate environment and growing profitability of its Newrez business are aiding performance. However, net servicing revenues and interest expenses are expected to decrease slightly due to higher discount rates. Other companies worth considering are Coinbase Global, Inc., XP Inc., and Brookfield Asset Management Ltd. They show strong indicators for a likely earnings beat as well.



Read more: Can Interest Income Drive Rithm Capital’s (RITM) Q4 Earnings?