Wall Street analysts forecast that Mr Cooper (COOP) will report quarterly earnings of $2.81 per share in its upcoming release, pointing to a year-over-year increase of 23.3%. It is anticipated that revenues will amount to $612.37 million, exhibiting an increase of 8.6% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Mr Cooper metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Revenues- Servicing' will reach $449.12 million. The estimate indicates a year-over-year change of -0.2%.
Analysts forecast 'Revenues- Corporate and Other' to reach $39.50 million. The estimate indicates a change of +79.6% from the prior-year quarter.
Analysts expect 'Revenues- Originations' to come in at $126.30 million. The estimate points to a change of +37.3% from the year-ago quarter.
View all Key Company Metrics for Mr Cooper here>>>
Shares of Mr Cooper have experienced a change of +8.9% in the past month compared to the -6.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), COOP is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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MR. COOPER GROUP INC (COOP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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