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Mr Cooper (COOP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Mr Cooper (COOP - Free Report) reported revenue of $583 million, up 20% over the same period last year. EPS came in at $2.52, compared to $1.66 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $557.09 million, representing a surprise of +4.65%. The company delivered an EPS surprise of +8.15%, with the consensus EPS estimate being $2.33.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $485 million versus the two-analyst average estimate of $475.85 million. The reported number represents a year-over-year change of +20.7%.
Revenues- Net gain on mortgage loans held for sale: $98 million versus $83.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16.7% change.
Revenues- Corporate and Other: $20 million versus the two-analyst average estimate of $22 million. The reported number represents a year-over-year change of -4.8%.
Revenues- Originations: $107 million versus the two-analyst average estimate of $89.84 million. The reported number represents a year-over-year change of +10.3%.
Revenues- Servicing: $456 million versus $451.29 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +23.9% change.
Shares of Mr Cooper have returned +7.2% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Mr Cooper (COOP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Mr Cooper (COOP - Free Report) reported revenue of $583 million, up 20% over the same period last year. EPS came in at $2.52, compared to $1.66 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $557.09 million, representing a surprise of +4.65%. The company delivered an EPS surprise of +8.15%, with the consensus EPS estimate being $2.33.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $485 million versus the two-analyst average estimate of $475.85 million. The reported number represents a year-over-year change of +20.7%.
- Revenues- Net gain on mortgage loans held for sale: $98 million versus $83.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16.7% change.
- Revenues- Corporate and Other: $20 million versus the two-analyst average estimate of $22 million. The reported number represents a year-over-year change of -4.8%.
- Revenues- Originations: $107 million versus the two-analyst average estimate of $89.84 million. The reported number represents a year-over-year change of +10.3%.
- Revenues- Servicing: $456 million versus $451.29 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +23.9% change.
View all Key Company Metrics for Mr Cooper here>>>Shares of Mr Cooper have returned +7.2% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.