Mr Cooper (COOP) Beats Q1 Earnings Estimates

Core Insights - Mr Cooper (COOP) reported quarterly earnings of $2.97 per share, exceeding the Zacks Consensus Estimate of $2.81 per share, and showing an increase from $2.28 per share a year ago, representing an earnings surprise of 5.69% [1] - The company posted revenues of $560 million for the quarter ended March 2025, which was 8.55% below the Zacks Consensus Estimate and a slight decrease from $564 million in the same quarter last year [2] - Mr Cooper's shares have increased by approximately 16.7% since the beginning of the year, contrasting with a decline of 10.1% in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $3.32, with expected revenues of $666.7 million, and for the current fiscal year, the estimate is $13.06 on $2.63 billion in revenues [7] - The estimate revisions trend for Mr Cooper is mixed, leading to a Zacks Rank 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Financial - Consumer Loans industry, to which Mr Cooper belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, OneMain Holdings (OMF), is expected to report quarterly earnings of $1.55 per share, reflecting a year-over-year increase of 6.9%, with revenues projected at $987.07 million, up 10.2% from the previous year [9][10]