Onity Group
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Onity (ONIT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-08-05 14:31
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]
Onity Group (ONIT) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2025-08-05 12:56
Group 1 - Onity Group reported quarterly earnings of $1.87 per share, missing the Zacks Consensus Estimate of $2.08 per share, and down from $4.07 per share a year ago, representing an earnings surprise of -10.10% [1] - The company posted revenues of $246.6 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 6.5%, and showing a slight increase from year-ago revenues of $246.4 million [2] - Over the last four quarters, Onity has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Group 2 - The stock has gained approximately 22.2% since the beginning of the year, outperforming the S&P 500's gain of 7.6% [3] - The current consensus EPS estimate for the coming quarter is $2.41 on revenues of $271.3 million, and for the current fiscal year, it is $10.47 on revenues of $1.07 billion [7] - The Zacks Industry Rank for Financial - Mortgage & Related Services is currently in the bottom 9% of over 250 Zacks industries, indicating potential challenges for the sector [8]
Onity Group (ONIT) Surpasses Q1 Earnings Estimates
ZACKS· 2025-04-30 12:55
分组1 - Onity Group reported quarterly earnings of $2.84 per share, exceeding the Zacks Consensus Estimate of $1.79 per share, and up from $1.74 per share a year ago, representing an earnings surprise of 58.66% [1] - The company posted revenues of $249.8 million for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 3.91%, compared to $239.1 million in the same quarter last year [2] - Over the last four quarters, Onity has surpassed consensus EPS estimates three times, but has topped consensus revenue estimates only once [2] 分组2 - Onity shares have increased approximately 15.7% since the beginning of the year, while the S&P 500 has declined by 5.5% [3] - The current consensus EPS estimate for the upcoming quarter is $2.73 on revenues of $267.22 million, and for the current fiscal year, it is $9.84 on revenues of $1.08 billion [7] - The Zacks Industry Rank for Financial - Mortgage & Related Services is currently in the bottom 16% of over 250 Zacks industries, indicating potential challenges for stock performance [8]
Strength Seen in Onity (ONIT): Can Its 6.5% Jump Turn into More Strength?
ZACKS· 2025-04-09 16:40
Company Overview - Onity Group (ONIT) shares increased by 6.5% to close at $28, supported by strong trading volume, contrasting with an 11.1% loss over the past four weeks [1][2] - The company is reportedly considering selling its mortgage servicing rights division as part of a capital restructuring effort to enhance capital allocation [2] Financial Performance - Onity is expected to report quarterly earnings of $1.90 per share, reflecting a year-over-year increase of 9.2%, with revenues projected at $259.96 million, up 8.7% from the previous year [3] - The consensus EPS estimate for Onity has remained unchanged over the last 30 days, indicating a potential lack of momentum in earnings estimate revisions [4] Industry Context - Onity operates within the Zacks Financial - Mortgage & Related Services industry, where another company, PennyMac Financial (PFSI), saw a 3.7% decline in its stock price, closing at $92.41 [4] - PennyMac's consensus EPS estimate has increased by 1.1% over the past month to $2.99, representing a year-over-year change of 20.6% [5]