For the quarter ended March 2024, Mr Cooper (COOP - Free Report) reported revenue of $564 million, up 70.9% over the same period last year. EPS came in at $2.28, compared to $1.17 in the year-ago quarter.
The reported revenue represents a surprise of +13.22% over the Zacks Consensus Estimate of $498.15 million. With the consensus EPS estimate being $2.11, the EPS surprise was +8.06%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mr Cooper performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Service related, net: $478 million versus the two-analyst average estimate of $443.54 million. The reported number represents a year-over-year change of +83.1%.
- Revenues- Net gain on mortgage loans held for sale: $86 million versus the two-analyst average estimate of $60.79 million. The reported number represents a year-over-year change of +24.6%.
- Revenues- Corporate and Other: $22 million compared to the $34 million average estimate based on two analysts. The reported number represents a change of +15.8% year over year.
- Revenues- Originations: $92 million versus the two-analyst average estimate of $78.44 million. The reported number represents a year-over-year change of +15%.
- Revenues- Servicing: $450 million compared to the $408.24 million average estimate based on two analysts. The reported number represents a change of +94.8% year over year.
View all Key Company Metrics for Mr Cooper here>>>Shares of Mr Cooper have returned +4.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
For the quarter ended March 2024, Mr Cooper (COOP - Free Report) reported revenue of $564 million, up 70.9% over the same period last year. EPS came in at $2.28, compared to $1.17 in the year-ago quarter.
The reported revenue represents a surprise of +13.22% over the Zacks Consensus Estimate of $498.15 million. With the consensus EPS estimate being $2.11, the EPS surprise was +8.06%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mr Cooper performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Service related, net: $478 million versus the two-analyst average estimate of $443.54 million. The reported number represents a year-over-year change of +83.1%.
- Revenues- Net gain on mortgage loans held for sale: $86 million versus the two-analyst average estimate of $60.79 million. The reported number represents a year-over-year change of +24.6%.
- Revenues- Corporate and Other: $22 million compared to the $34 million average estimate based on two analysts. The reported number represents a change of +15.8% year over year.
- Revenues- Originations: $92 million versus the two-analyst average estimate of $78.44 million. The reported number represents a year-over-year change of +15%.
- Revenues- Servicing: $450 million compared to the $408.24 million average estimate based on two analysts. The reported number represents a change of +94.8% year over year.
View all Key Company Metrics for Mr Cooper here>>>Shares of Mr Cooper have returned +4.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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