Onity Group Inc expected to post earnings of $1.36 a share - Earnings Preview

Onity

30/07/2024 19:31

* Onity Group Inc  ONIT.N   ONIT.K  is expected to show a
fall in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The West Palm Beach Florida-based  company is expected to
report
a 1.3% decrease in revenue to $268.509 million from $272 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data. (SAL represnts Total Net revenue.)
    * ​LSEG's mean analyst estimate for Onity Group Inc is for
earnings of $1.36 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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 Onity Group
Inc
is $40.00​, above​ its last closing price of $27.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.21        1.19       3.74      Beat    214.9
 Jan. 1 0001   0.95        0.93       -6.00     Missed  -747.5
 Sep. 30 2023  0.95        1.08       1.05      Missed  -2.8​
 Jun. 30 2023  0.49        0.45       1.95      Beat    333.3
 ​​Mar.        -0.12       0.42       -5.34     Missed  -32,14
 31 2023                                                0
 Dec. 31 2022  -1.27       0.42       -8.48     Missed  -2,135
                                                        .2​
 Jan. 1 0001   0.38        1.27       4.17      Beat    900.8
 Jun. 30 2022  1.45        1.27       1.11      Missed  -12.4
 This summary was machine generated July 30 at 18:31 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)