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Mr Cooper (COOP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2023, Mr Cooper (COOP - Free Report) reported revenue of $574 million, up 12.6% over the same period last year. EPS came in at $2.79, compared to $0.58 in the year-ago quarter.
The reported revenue represents a surprise of +34.10% over the Zacks Consensus Estimate of $428.03 million. With the consensus EPS estimate being $1.73, the EPS surprise was +61.27%.
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: $432 million versus the two-analyst average estimate of $359.09 million. The reported number represents a year-over-year change of +9.4%.
Revenues- Net gain on mortgage loans held for sale: $142 million versus the two-analyst average estimate of $71.70 million. The reported number represents a year-over-year change of +23.5%.
Revenues- Corporate and Other: $22 million versus the two-analyst average estimate of $36.25 million. The reported number represents a year-over-year change of 0%.
Revenues- Originations: $88 million versus the two-analyst average estimate of $89.40 million. The reported number represents a year-over-year change of -43.6%.
Revenues- Servicing: $464 million compared to the $304.29 million average estimate based on two analysts. The reported number represents a change of +39.8% year over year.
Shares of Mr Cooper have returned +1.6% over the past month versus the Zacks S&P 500 composite's -1.6% 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.
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Mr Cooper (COOP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Mr Cooper (COOP - Free Report) reported revenue of $574 million, up 12.6% over the same period last year. EPS came in at $2.79, compared to $0.58 in the year-ago quarter.
The reported revenue represents a surprise of +34.10% over the Zacks Consensus Estimate of $428.03 million. With the consensus EPS estimate being $1.73, the EPS surprise was +61.27%.
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: $432 million versus the two-analyst average estimate of $359.09 million. The reported number represents a year-over-year change of +9.4%.
- Revenues- Net gain on mortgage loans held for sale: $142 million versus the two-analyst average estimate of $71.70 million. The reported number represents a year-over-year change of +23.5%.
- Revenues- Corporate and Other: $22 million versus the two-analyst average estimate of $36.25 million. The reported number represents a year-over-year change of 0%.
- Revenues- Originations: $88 million versus the two-analyst average estimate of $89.40 million. The reported number represents a year-over-year change of -43.6%.
- Revenues- Servicing: $464 million compared to the $304.29 million average estimate based on two analysts. The reported number represents a change of +39.8% year over year.
View all Key Company Metrics for Mr Cooper here>>>Shares of Mr Cooper have returned +1.6% over the past month versus the Zacks S&P 500 composite's -1.6% 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.