Onity Group Q2 2024 GAAP EPS $1.33 Misses $1.36 Estimate, Sales $246.400M Miss $268.509M Estimate
Portfolio Pulse from Benzinga Newsdesk
Onity Group (NYSE:ONIT) reported Q2 2024 earnings per share (EPS) of $1.33, missing the analyst estimate of $1.36. Sales were $246.4 million, also missing the estimate of $268.509 million. Both EPS and sales showed significant declines compared to the same period last year.
August 01, 2024 | 10:47 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Onity Group (NYSE:ONIT) reported Q2 2024 earnings per share (EPS) of $1.33, missing the analyst estimate of $1.36 by 2.21%. Sales were $246.4 million, missing the estimate of $268.509 million by 8.23%. Both EPS and sales showed significant declines compared to the same period last year.
The earnings and sales figures both missed analyst estimates, and the year-over-year declines are significant. This is likely to negatively impact the stock price in the short term as investors react to the disappointing performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100