Ocwen Financial Q3 EPS $1.05, Sales $255.50M Miss $268.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ocwen Financial reported Q3 earnings of $1.10 per share, beating the analyst consensus estimate of $1.08 by 1.85%. However, this is a 73.62% decrease from the same period last year. The company's quarterly sales of $255.50 million missed the analyst consensus estimate of $268.01 million by 4.67%, but it's a 2.31% increase from the same period last year.
November 07, 2023 | 11:46 am
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Ocwen Financial's Q3 earnings beat estimates but are significantly down YoY. Sales missed estimates but are slightly up YoY.
While Ocwen Financial beat earnings estimates, the significant YoY decrease could be a concern for investors. The missed sales estimates might also negatively impact the stock, but the slight YoY increase could offset this. The overall impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100