Onity Group Inc reports results for the quarter ended in June - Earnings Summary

Onity

01/08/2024 15:25

* Onity Group Inc  ONIT.N  reported quarterly adjusted
earnings of
$1.33​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.95. 
The mean expectation of four analysts for the quarter was
for earnings of $1.36 per share. Wall Street expected results to
range from $1.32  to $1.40 per share.
    * Revenue fell 9.4% to $246.40 million from a year ago;
analysts
expected $268.51 million. 
    * Onity Group Inc's reported EPS for the quarter was $1.33​.
    * The company reported quarterly net income of $10.5
million.
    * Onity Group Inc shares had risen by 21.9% this quarter and
lost 5.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Onity Group Inc
is $40.00 
This summary was machine generated from LSEG data August 1 at
02:24 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
 Jun. 30 2024      1.36                          
 Mar. 31 2024      1.19                          
 Dec. 31 2023      0.93           -6.00          Missed
 Sep. 30 2023      1.08           1.05           Missed