Mr. Cooper Gr Q2 2024 Adj EPS $2.52 Beats $2.37 Estimate, Sales $583.000M Beat $550.712M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mr. Cooper Group (NASDAQ: COOP) reported Q2 2024 adjusted EPS of $2.52, beating the estimate of $2.37. Sales were $583 million, surpassing the $550.712 million estimate and showing a 19.96% increase from the same period last year.
July 25, 2024 | 11:05 am
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POSITIVE IMPACT
Mr. Cooper Group reported strong Q2 2024 earnings, with EPS of $2.52 beating estimates by 6.33% and sales of $583 million exceeding expectations by 5.86%. This performance also marks a 19.96% increase in sales compared to the same period last year.
The company's strong financial performance, with both EPS and sales exceeding analyst estimates, is likely to positively impact the stock price in the short term. The significant year-over-year sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100