Mr. Cooper Group Inc. (NASDAQ:COOP) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, COOP is expected to report 3Q20 income of $ 2.78 per share from revenue of $ 893.20 million.
For the full year, analysts anticipate top line of $ 2581.22 million, while looking forward to income of $ 8.32 per share bottom line.
Previous Quarter Performance
Mr. Cooper Group Inc. came out with income for the second quarter of $ 0.77 per share, from the revenue of $ 630.00 million. The quarterly earnings 21.43 percent compared with the same quarter last year. Street analysts expected Mr. Cooper Group Inc. to report income of $ 1.55 per share on revenue of $ 563.02 million for the second quarter. The bottom line results missed street analysts by $ 0.78 or 50.32 percent, at the same time, top line results outshined analysts by $ 66.98 million or 11.90 percent.
Stock Performance
Shares of Mr. Cooper Group Inc. traded up $ 0.28 or 1.27 percent on Wednesday, reaching $ 22.32 with volume of 893.60 thousand shares. Mr. Cooper Group Inc. has traded high as $ 22.46 and has cracked $ 21.56 on the downward trend
According to the previous trading day, closing price of $ 22.32, representing a 411.37 % increase from the 52 week low of $ 4.31 and a 12.33 % decrease over the 52 week high of $ 25.14.
The company has a market capital of $ 2.05 billion and is part of the Financial Services sector and Specialty Finance industry.
Conference Call
Mr. Cooper Group Inc. will be hosting a conference call at 9:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website mrcoopergroup.com
Mr. Cooper Group Inc. provides servicing, origination, and transaction-based services related principally to single-family residences in the United States.
