Core Insights - Onity Group reported a revenue of $224.8 million for the quarter ended December 2024, reflecting an 18.9% decrease year-over-year [1] - The earnings per share (EPS) for the quarter was $1.39, down from $1.44 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $253.37 million, resulting in a surprise of -11.28% [1] - The company experienced an EPS surprise of -40.60%, with the consensus EPS estimate being $2.34 [1] Performance Metrics - Onity's shares have returned +22% over the past month, outperforming the Zacks S&P 500 composite's +3.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Revenue Breakdown - Other revenues amounted to $12.40 million, exceeding the average estimate of $10.62 million from two analysts [4] - Gain on loans held for sale, net, was reported at $5.80 million, below the average estimate of $9.90 million [4] - Gain on reverse loans held for investment and HMBS-related borrowings, net, was $0.60 million, significantly lower than the average estimate of $20.28 million [4] - Servicing and subservicing fees totaled $206 million, slightly below the average estimate of $212.33 million [4]
Onity (ONIT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates