Onity Group Inc reports results for the quarter ended December 31 - Earnings Summary

Onity

13/02/2025 14:32

* Onity Group Inc  ONIT.N  reported a quarterly adjusted
loss of
$3.61​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of
$-6.00.  The mean expectation of four analysts for the quarter
was for earnings of $2.17 per share. Wall Street expected
results to range from $1.75  to $2.59 per share.
    * Revenue fell 18.9% to $224.80 million from a year ago;
analysts
expected $250.67 million. 
    * Onity Group Inc's reported EPS for the quarter was a loss
of
$3.61​.
    * The company reported a quarterly loss of $29 million.
    * Onity Group Inc shares had risen by 27.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 39.3%
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
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "buy."

Wall Street's median 12-month price target for Onity Group Inc
is $42.50 
This summary was machine generated from LSEG data February 13 at
02:31 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
 Dec. 31 2024      2.17           -3.61          Missed
 Sep. 30 2024      1.27           2.65           Beat
 Jun. 30 2024      1.36           1.33           Missed
 Mar. 31 2024      1.19           3.74           Beat