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

• Onity Group Inc ONIT.N reported quarterly adjusted earnings of $2.50​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $3.74. The mean expectation of four analysts for the quarter was for earnings of $1.67 per share. Wall Street expected results to range from $1.31 to $2.19 per share.

• Revenue rose 4.5% to $249.80 million from a year ago; analysts expected $247.33 million.

• Onity Group Inc's reported EPS for the quarter was $2.50​.

• The company reported quarterly net income of $21.1 million.

• Onity Group Inc shares had risen by 9.9% this quarter and gained 15.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.1% 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 April 30 at 01:30 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)