Mr. Cooper Group Inc. (NASDAQ:COOP) Q1 2024 Earnings Conference Call April 24, 2024 10:00 AM ET Company Participants Ken Posner - SVP of Strategic Planning and IR Jay Bray - Chairman & CEO Mike Weinbach - President Kurt Johnson - EVP& CFO Conference Call Participants Crispin Love - Piper Sandler Bose George - KBW Doug Harter - UBS Kyle Joseph - Jefferies Giuliano Bologna - Compass Point Terry Ma - Barclays Eric Hagen - BTIG Ken Posner Good morning and welcome to Mr. Cooper Group's First Quarter Earnings Cal ...

For the quarter ended March 2024, Mr Cooper (COOP) 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 ...

________________________________________________________________________________________________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number: 001-14667 (469) 549-2000 Registrant's telephone number, including area code Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share COOP The Nasdaq Stock Market _________________ ...

ber Group MR. COOPER GROUP REPORTS FIRST QUARTER 2024 RESULTS Chairman and CEO Jay Bray commented, "The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%. Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns." Servicing ...

Investors are always looking for stocks that are poised to beat at earnings season and Mr. Cooper Group Inc. (COOP) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Mr. Cooper Group is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pr ...

Have you been paying attention to shares of Mr Cooper (COOP) ? Shares have been on the move with the stock up 6% over the past month. The stock hit a new 52-week high of $78.54 in the previous session. Mr Cooper has gained 19.1% since the start of the year compared to the 3.5% move for the Zacks Finance sector and the 9.3% return for the Zacks Financial - Consumer Loans industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earni ...

The first quarter of 2024 proved to be impressive for U.S. stock markets, following a remarkable 2023. The S&P 500 surged by 10.2%, marking its strongest first-quarter showing since 2019. We anticipate that the bullish momentum will persist, bolstered by a robust U.S. economy.In 2023, U.S. GDP expanded by 2.5%, surpassing the 1.9% growth recorded in 2022. The Federal Reserve raised its GDP forecast for this year to 2.1% during the March FOMC meeting, up from 1.4% in December 2023, signaling no immediate thr ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Have you been paying attention to shares of Mr Cooper (COOP) ? Shares have been on the move with the stock up 5.5% over the past month. The stock hit a new 52-week high of $77 in the previous session. Mr Cooper has gained 17.3% since the start of the year compared to the 6.8% move for the Zacks Finance sector and the 8.9% return for the Zacks Financial - Consumer Loans industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings con ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Mr Cooper (COOP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Mr Cooper is one of 856 companies in the Finance group. The Finance group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Ra ...