Ocwen Financial Corp expected to post earnings of $1.19 a share - Earnings Preview

Onity

30/04/2024 15:08

* Ocwen Financial Corp  OCN.N   OCN  is expected to show a
rise in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The West Palm Beach Florida-based  company is expected to
report
a 3.3% increase in revenue to $270.369 million from $261.8
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Ocwen Financial Corp is
for
earnings of $1.19 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ocwen
Financial
Corp is $40.00​, above​ its last closing price of $24.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.95        0.93       -6.00     Missed  -747.5
 Sep. 30 2023  0.95        1.08       1.05      Missed  -2.8
 Jan. 1 0001   0.49        0.45       1.95      Beat    333.3​
 Mar. 31 2023  -0.12       0.02       -5.34     Missed  -32,14
                                                        0
 ​​Dec.        -1.27       0.42       -8.48     Missed  -2,135
 31 2022                                                .2
 Sep. 30 2022  0.38        0.42       4.17      Beat    900.8​
 Jan. 1 0001   1.45        1.27       1.11      Missed  -12.4
 Mar. 31 2022  0.72        0.75       6.01      Beat    703.5
 This summary was machine generated April 30 at 14:08 GMT.  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)