In This Article:
Onity Group (NYSE:ONIT) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$265.7m (up 4.0% from 3Q 2023).
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Net income: US$21.4m (up 152% from 3Q 2023).
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Profit margin: 8.1% (up from 3.3% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
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EPS: US$2.72 (up from US$1.11 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Onity Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 65%.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are up 2.5% from a week ago.
Risk Analysis
Be aware that Onity Group is showing 2 warning signs in our investment analysis and 1 of those is significant...
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