Redwood Trust Future Growth

Future criteria checks 3/6

Redwood Trust's revenue is forecast to decline at 16% per annum while its annual earnings are expected to grow at 55.9% per year. EPS is expected to grow by 52.2% per annum. Return on equity is forecast to be 8.8% in 3 years.

Key information

55.9%

Earnings growth rate

52.2%

EPS growth rate

Mortgage REITs earnings growth	42.4%
Revenue growth rate	-16.0%
Future return on equity	8.8%
Analyst coverage	Good
Last updated	03 May 2024

Recent future growth updates

Recent updates

Redwood Trust closes on $313M securitization backed by single-family rental loans

Jun 29

Redwood Trust: Enjoy The High Yield, But Forget Price Growth

Apr 25

Redwood Trust: Investor Day Emphasizes The Longer-Term Growth Potential

Oct 08

Redwood Trust EPS beats by $0.38, beats on revenue

Apr 28

What Is The Ownership Structure Like For Redwood Trust, Inc. (NYSE:RWT)?

Mar 09

Redwood Trust's Recovery Makes It Unattractive

Dec 20

Earnings and Revenue Growth Forecasts

NYSE:RWT - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	166	117	N/A	N/A	1
12/31/2025	120	92	N/A	N/A	8
12/31/2024	103	72	N/A	N/A	8
3/31/2024	185	11	N/A	N/A	N/A
12/31/2023	158	-13	-2,016	-2,016	N/A
9/30/2023	87	-76	-877	-877	N/A
6/30/2023	74	-94	375	375	N/A
3/31/2023	-40	-196	255	255	N/A
12/31/2022	-22	-168	-139	-139	N/A
9/30/2022	99	-81	-2,044	-2,044	N/A
6/30/2022	241	57	-3,533	-3,533	N/A
3/31/2022	457	245	-5,020	-5,020	N/A
12/31/2021	540	309	-5,695	-5,695	N/A
9/30/2021	580	320	-4,110	-4,110	N/A
6/30/2021	628	372	-3,213	-3,213	N/A
3/31/2021	684	450	-1,230	-1,230	N/A
12/31/2020	-318	-584	-505	-505	N/A
9/30/2020	-331	-590	-140	-140	N/A
6/30/2020	-456	-694	-551	-551	N/A
3/31/2020	-594	-828	-1,200	-1,200	N/A
12/31/2019	327	164	-1,166	-1,166	N/A
9/30/2019	226	116	-1,450	-1,450	N/A
6/30/2019	231	122	-1,496	-1,496	N/A
3/31/2019	223	123	-1,675	-1,675	N/A
12/31/2018	216	116	-1,612	-1,612	N/A
9/30/2018	240	147	-2,446	-2,447	N/A
6/30/2018	235	142	-2,112	-2,121	N/A
3/31/2018	248	146	-2,068	-2,110	N/A
12/31/2017	239	137	N/A	-1,713	N/A
9/30/2017	206	131	N/A	-419	N/A
6/30/2017	216	147	N/A	-452	N/A
3/31/2017	237	152	N/A	-398	N/A
12/31/2016	260	128	N/A	-546	N/A
9/30/2016	304	143	N/A	-956	N/A
6/30/2016	297	111	N/A	-1,325	N/A
3/31/2016	247	97	N/A	-1,025	N/A
12/31/2015	214	99	N/A	-1,250	N/A
9/30/2015	224	85	N/A	-1,308	N/A
6/30/2015	229	111	N/A	-1,291	N/A
3/31/2015	234	100	N/A	-1,509	N/A
12/31/2014	213	98	N/A	-1,791	N/A
9/30/2014	204	96	N/A	-1,270	N/A
6/30/2014	173	73	N/A	24	N/A
3/31/2014	213	121	N/A	-171	N/A
12/31/2013	271	168	N/A	-222	N/A
9/30/2013	312	185	N/A	-630	N/A
6/30/2013	316	202	N/A	-1,376	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RWT's forecast earnings growth (55.9% per year) is above the savings rate (2.4%).

Earnings vs Market: RWT's earnings (55.9% per year) are forecast to grow faster than the US market (14.2% per year).

High Growth Earnings: RWT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RWT's revenue is expected to decline over the next 3 years (-16% per year).

High Growth Revenue: RWT's revenue is forecast to decline over the next 3 years (-16% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RWT's Return on Equity is forecast to be low in 3 years time (8.8%).

Redwood Trust Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 7.5% to US$8.17

Price target decreased by 8.0% to US$8.28

Price target decreased to US$8.92

Price target decreased to US$9.56

Consensus forecasts updated

Consensus forecasts updated

Recent updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

CEO & Director exercised options to buy US$564k worth of stock.

Redwood Trust, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Redwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered

Redwood Trust, Inc., Annual General Meeting, May 21, 2024

Upcoming dividend of US$0.16 per share

Fourth quarter dividend of US$0.16 announced

Redwood Trust, Inc. Declares First Quarter 2024 Common Dividend, Payable on March 28, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued after recent price drop

Redwood Trust, Inc. to Report Q4, 2023 Results on Feb 20, 2024

President & Director exercised options to buy US$480k worth of stock.

Upcoming dividend of US$0.16 per share at 9.1% yield

Redwood Trust, Inc. Declares a Fourth Quarter 2023 Regular Common Stock Dividend, Payable on December 28, 2023

Redwood Trust Announces the Appointment of Doneene Damon to its Board of Directors, Effective November 2, 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Redwood Trust: Book Value Likely To Decrease, But Not As Much As Agency REITs

Redwood Trust, Inc. to Report Q3, 2023 Results on Oct 30, 2023

Redwood Trust: An Emerging Winner In The Regional Bank Chaos

Second quarter 2023 earnings released: EPS: US$0.009 (vs US$0.84 loss in 2Q 2022)

Redwood Trust, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Redwood Trust, Inc. Declares Regular Common Stock Dividend for the Second Quarter of 2023, Payable on June 30, 2023

Price target decreased by 7.5% to US$8.17

Price target decreased by 8.0% to US$8.28

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Redwood Trust EAD of -$0.11

Redwood Trust, Inc. to Report Q4, 2022 Results on Feb 09, 2023

Redwood Trust prices $65M preferred stock offering

CEO & Director exercised options to buy US$256k worth of stock.

Redwood Trust, Inc. Announces Regular Dividend for the Fourth Quarter of 2022, Payable on December 28, 2022

Price target decreased to US$8.92

Now 21% undervalued after recent price drop

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Redwood Trust Non-GAAP EPS of $0.16 beats by $0.09

Price target decreased to US$9.56

Consensus forecasts updated

Redwood Trust, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Redwood Trust stock gains 5% after hours on preliminary Q3 results

Now 20% undervalued after recent price drop

Redwood Trust, Inc. Announces Executive Changes

Investor sentiment deteriorated over the past week

Redwood Trust Announces Dividend for the Third Quarter of 2022, Payable on September 30, 2022

Redwood Trust declares $0.23 dividend

Consensus forecasts updated

Redwood Trust downgraded to Neutral at BTIG on interest rate uncertainty

Consensus EPS estimates fall by 91%

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Redwood Trust, Inc. (NYSE:RWT) announces an Equity Buyback for $125 million worth of its shares.

Redwood Trust announces $125M stock buyback program

Consensus forecasts updated

Redwood Trust, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Chief Financial Officer exercised options to buy US$164k worth of stock.

Redwood Trust closes on $313M securitization backed by single-family rental loans

Upcoming dividend of US$0.23 per share

Investor sentiment deteriorated over the past week

Redwood Trust, Inc. Declares A Second Quarter 2022 Regular Common Stock Dividend, Payable on June 30, 2022

Independent Chairman of the Board exercised options to buy US$65k worth of stock.

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

Consensus forecasts updated

Redwood Trust: Enjoy The High Yield, But Forget Price Growth

Redwood Trust, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Redwood Trust Appoints Ryan McBride as Chief Investment Officer of RWT Horizons

Redwood Trust, Inc., Annual General Meeting, May 24, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

CEO & Director exercised options to buy US$305k worth of stock.

Third quarter 2021 earnings released: EPS US$0.75 (vs US$1.22 in 3Q 2020)