Onity Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Onity

06/11/2024 04:51

* Onity Group Inc  ONIT.N  reported quarterly adjusted
earnings of
$2.65​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.05.  The mean expectation of four analysts for the quarter
was for earnings of $1.27 per share. Wall Street expected
results to range from 68 cents to $1.83 per share.
    * Revenue rose 4% to $265.70 million from a year ago;
analysts
expected $254.90 million. 
    * Onity Group Inc's reported EPS for the quarter was $2.65​.
    * The company reported quarterly net income of $21.4
million.
    * Onity Group Inc shares had fallen by 5.7% this quarter and
lost 2.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.6%
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 November 6 at
04:51 a.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
 Sep. 30 2024      1.27           2.65           Beat
 Jun. 30 2024      1.36           1.33           Missed
 Mar. 31 2024      1.19           3.74           Beat
 Dec. 31 2023      0.93           -6.00          Missed