Onity Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Onity Group Inc ONIT.N reported quarterly adjusted earnings of $2.40​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.33. The mean expectation of three analysts for the quarter was for earnings of $1.88 per share. Wall Street expected results to range from $1.58 to $2.45 per share.

• Revenue rose 0.1% to $246.60 million from a year ago; analysts expected $252.90 million.

• Onity Group Inc's reported EPS for the quarter was $2.40​.

• The company reported quarterly net income of $20.5 million.

• Onity Group Inc shares had fallen by 1.7% this quarter and gained 22.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Onity Group Inc is $50.00, about 24.9% above its last closing price of $37.53

This summary was machine generated from LSEG data August 5 at 01:32 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)