Mr Cooper Group Inc reports results for the quarter ended in March - Earnings Summary

Mr Cooper

24/04/2024 14:32

* Mr Cooper Group Inc  COOP.OQ  reported quarterly adjusted
earnings of $2.28​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.18.  The mean expectation of nine analysts
for the quarter was for earnings of $2.09 per share. Wall Street
expected results to range from $1.93  to $2.53 per share.
    * Revenue rose 70.9% to $564.00 million from a year ago;
analysts
expected $497.06 million. 
    * Mr Cooper Group Inc's reported EPS for the quarter was
$2.73​.
    * The company reported quarterly net income of $181 million.
    * Mr Cooper Group Inc shares had risen by 2.0% this
quarter and
gained 22.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for Mr Cooper Group
Inc is $87.00 
This summary was machine generated from LSEG data April 24 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      2.09           2.28           Beat
 Dec. 31 2023      1.33           1.71           Beat
 Sep. 30 2023      1.67           2.79           Beat
 Jun. 30 2023      1.22           1.66           Beat