Mr. Cooper Gr Q3 2024 Adj. EPS $2.84 Beats $2.58 Estimate, Sales $424.000M Miss $546.862M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mr. Cooper Group reported Q3 2024 earnings per share of $2.84, surpassing the expected $2.58. However, their sales of $424 million fell short of the $546.862 million estimate, marking a 26.13% decline from the previous year.
October 23, 2024 | 11:07 am
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NEUTRAL IMPACT
Mr. Cooper Group's Q3 2024 EPS exceeded expectations, but sales significantly missed estimates, showing a 26.13% year-over-year decline.
The positive EPS surprise may support the stock price, but the significant sales miss and year-over-year decline could offset this, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100