Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Onity Group (ONIT)
NYSE:ONIT
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.57Last Year’s EPS
3.74Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -18.62%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance for Onity Group in 2024, with significant achievements in adjusted ROE, net income, servicing and origination growth, and successful debt restructuring. However, the fourth quarter GAAP net loss due to debt restructuring charges and some decline in reverse servicing revenue were notable lowlights. Overall, the positive achievements outweigh the negatives.Company Guidance
During the Onity Group’s Fourth Quarter Earnings Call, significant metrics were highlighted, showcasing the company's robust performance in 2024. The company reported a 20% adjusted Return on Equity (ROE), exceeding their guidance of 12% plus, and achieved the highest net income since 2013 despite restructuring costs. They reduced corporate debt levels and costs, maintaining a target hedge coverage ratio of 90% to 110%, and reported a favorable MSR valuation adjustment. Total servicing additions increased by 70% compared to 2023, with a portfolio growth to over $300 billion, including $15 billion in MSR sales. The fourth quarter alone saw $25 billion in servicing additions, marking the highest since Q2 2022. For the full year, adjusted pretax income was reported at $90 million, an 84% increase from 2023, and the GAAP net income attributable to common stockholders stood at $33 million. For 2025, the company increased their adjusted ROE guidance and affirmed their strategic focus on leveraging technology and expanding their product offerings to sustain growth and profitability.Adjusted ROE and Net Income Achievement
For the full year 2024, Onity Group delivered an adjusted ROE of 20% and the highest net income since 2013, despite previously disclosed debt restructuring costs.
Debt Restructuring Success
The company successfully restructured corporate debt, reducing both the level and average effective cost, extending maturity, and simplifying the structure.
Servicing Additions and Client Growth
Total servicing additions increased by 70% over 2023, growing the portfolio to over $300 billion, including a record addition of 16 new subservicing clients and $30 billion of subservicing additions.
Origination Volume Growth
Origination volume was up 33% in 2024 versus 2023, outperforming the industry average of 17% growth.
AI and Technology Investments
Investments in artificial intelligence applications and technology have led to significant improvements in business performance, including over 30 bots saving 50,000 hours monthly and 88% of customer inquiries resolved digitally.
---
ONIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
ONIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $39.25 | $35.99 | -8.31% |
| Nov 05, 2024 | $30.13 | $30.96 | +2.75% |
| Aug 01, 2024 | $29.23 | $28.78 | -1.54% |
| May 02, 2024 | $24.17 | $25.51 | +5.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Onity Group (ONIT) report earnings?
Onity Group (ONIT) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Onity Group (ONIT) earnings time?
Onity Group (ONIT) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONIT EPS forecast?
ONIT EPS forecast for the fiscal quarter 2025 (Q1) is 1.57.
---