Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Fuel Tech, Inc. (FTEK) : This company that provides multi-pollutant emissions control and water treatment technologies has seen the Zacks Consensus Estimate for its current year earnings increasing 62.5% over the last 60 days.Kronos Worldwide, Inc. (KRO) : This company that produces and markets titanium dioxide pigments internationally has seen the Zacks Consensus Estimate for its current year earnings increasing 312.5% over the last 60 ...

Here are two stocks with buy rank and strong value characteristics for investors to consider today, April 26th:Stride, Inc. (LRN) : This tech-based education service company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.9% over the last 60 days.Stride has a price-to-earnings ratio (P/E) of 13.99, compared with 20.29 for the S&P 500. The company possesses a Value Score  of B.Mr. Cooper Group Inc. (COOP) : This non-banking financial services ...

Financial Data and Key Metrics Changes - The company reported a net income of $181 million, with pre-tax operating earnings of $199 million, reflecting strong performance in servicing and operational results [67] - Tangible book value per share increased by 15% year-on-year to $65.48, with a slight increase in share count due to employee stock incentives [23][56] - Operating ROTCE reached 14.5%, aligning with the guidance range of 14% to 18% [38][87] Business Line Data and Key Metrics Changes - Servicing income was $273 million, up from $229 million in the previous quarter, driven by portfolio growth and low CPRs [47] - Originations generated $32 million in pre-tax income, slightly above guidance, with a focus on cash-out purchases and second liens [48][29] - The servicing portfolio reached $1.1 trillion, up 33% year-on-year, with $54 billion in MSR acquisitions [56][45] Market Data and Key Metrics Changes - The overall mortgage market remains robust, with $14 trillion in mortgages outstanding and over $30 trillion in homeowner equity [10][136] - Delinquencies in the MSR portfolio dropped to an all-time low of 1.1%, down from 2.3% a year ago, indicating strong asset quality [85] Company Strategy and Development Direction - The company is focusing on technology investments, particularly in AI and cloud-native platforms, to enhance operational efficiency and customer service [40][41] - The strategy includes asset-light growth through subservicing and launching a commingled MSR fund [4][46] - The company aims to maintain disciplined capital deployment while exploring attractive opportunities in the bulk market [90][64] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging originations environment but expressed optimism about growth opportunities in servicing and subservicing [72][29] - The company is confident in its ability to navigate market fluctuations and maintain profitability through technology and operational efficiencies [87][88] - Future growth is expected to depend on market yields and disciplined capital deployment [64][69] Other Important Information - The company has a strong liquidity position, reaching a record high of $3.3 billion, supported by a recent $1 billion senior note issuance [51] - The company is actively engaging with sovereign wealth funds and pension plans for potential capital raising opportunities [52] Q&A Session Summary Question: Can you discuss competition in the origination segment? - Management noted solid improvement in margins and volumes, indicating a competitive market but expressed confidence in maintaining margins [53] Question: What is the outlook for the servicing portfolio? - Management highlighted the potential for continued growth, with expectations of onboarding another $100 billion in UPB in the second quarter [64][69] Question: How is the company financing the $50 billion of MSRs being onboarded? - The majority of the $50 billion was competitively bid, with a focus on maintaining a balanced business model [127] Question: What are the expectations for recapture rates? - Management indicated strong recapture rates, with a focus on maintaining best-in-class performance [108] Question: How does the company view the evolving MSR market? - Management expressed confidence in the stability of the market, emphasizing a disciplined approach to acquisitions [129][130]

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 ...