New Residential Investment’s Review Post Q1 Results
<p>RBC Capital analysts shared their views on <a href='https://financialmodelingprep.com/financial-summary/NRZ'>New Residential Investment Corp. (NYSE:NRZ) </a>post the company’s Q1 earnings results, reported at the start of the month. Q1 EPS came in at $0.37, above the Street estimate of $0.35.</p>
<p>The analysts updated their estimates, with their 2022 core EPS estimate now moving to $1.55 from $1.67, and their 2023 core EPS estimate to $1.68 from $2.07. </p>
<p>According to the analysts, industry overcapacity remains a headwind for the company's mortgage origination business but management is focused on cost savings. That said, the company's BVPS could see potential benefits from rising rates. As well, the analysts favor the company's ability to allocate capital across strategies and differentiated ability to originate assets. The analysts reiterated their Outperform rating and $13 price target on the company’s shares.</p>

NYSE:NRZ