Onity Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Onity Group Inc ONIT.N reported a quarterly adjusted loss of $3.61​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-6.00. The mean expectation of four analysts for the quarter was for earnings of $2.17 per share. Wall Street expected results to range from $1.75 to $2.59 per share.

• Revenue fell 18.9% to $224.80 million from a year ago; analysts expected $250.67 million.

• Onity Group Inc's reported EPS for the quarter was a loss of $3.61​.

• The company reported a quarterly loss of $29 million.

• Onity Group Inc shares had risen by 27.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 39.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Onity Group Inc is $42.50

This summary was machine generated from LSEG data February 13 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)