Mr. Cooper Gr Q2 EPS $1.66 Beats $1.21 Estimate, Sales $486.00M Beat $424.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mr. Cooper Gr (NASDAQ:COOP) reported Q2 earnings of $1.66 per share, beating the analyst consensus estimate of $1.21 by 37.19%. This is a 876.47% increase from the same period last year. The company also reported quarterly sales of $486.00 million, beating the analyst consensus estimate of $424.77 million by 14.41%, but this is a 18.86% decrease from the same period last year.
July 26, 2023 | 11:05 am
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NEUTRAL IMPACT
Mr. Cooper Gr's Q2 earnings and sales beat estimates, but sales are down YoY. This could have a mixed impact on the stock.
While Mr. Cooper Gr's Q2 earnings beat estimates, which is typically positive for the stock, the decrease in sales compared to the same period last year could offset this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100