Onity (ONIT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Onity Group reported revenue of $246.6 million for the quarter ended June 2025, reflecting a slight increase of 0.1% year-over-year, but fell short of the Zacks Consensus Estimate of $263.75 million, resulting in a revenue surprise of -6.5% [1] - The company's earnings per share (EPS) was $1.87, significantly down from $4.07 in the same quarter last year, and also missed the consensus EPS estimate of $2.08, leading to an EPS surprise of -10.1% [1] Financial Performance Metrics - Other revenues amounted to $13 million, exceeding the average estimate of $12.3 million by two analysts [4] - Gain on loans held for sale, net, was reported at $10.4 million, below the average estimate of $15.25 million [4] - Gain on reverse loans held for investment and HMBS-related borrowings, net, was $11.9 million, compared to the average estimate of $14.75 million [4] - Servicing and subservicing fees totaled $211.3 million, which was lower than the estimated $221.5 million [4] Stock Performance - Over the past month, Onity's shares have returned -0.6%, while the Zacks S&P 500 composite has increased by +1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]