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Onity (ONIT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ONITOnity Group Inc.(ONIT) ZACKS·2025-02-13 15:36

Core Insights - Onity Group reported a revenue of 224.8millionforthequarterendedDecember2024,reflectingan18.9224.8 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 1.44inthesamequarterlastyear[1]−ThereportedrevenuefellshortoftheZacksConsensusEstimateof1.44 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]PerformanceMetrics−Onity′sshareshavereturned+222.34 [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 10.62millionfromtwoanalysts[4]−Gainonloansheldforsale,net,wasreportedat10.62 million from two analysts [4] - Gain on loans held for sale, net, was reported at 5.80 million, below the average estimate of 9.90million[4]−GainonreverseloansheldforinvestmentandHMBS−relatedborrowings,net,was9.90 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 20.28million[4]−Servicingandsubservicingfeestotaled20.28 million [4] - Servicing and subservicing fees totaled 206 million, slightly below the average estimate of $212.33 million [4]