, Will stock surge before Earnings results? Mr. Cooper Group (NASDAQ:COOP)

Earnings results for Mr. Cooper Group (NASDAQ:COOP)

Mr. Cooper Group Inc. is expected* to report earnings on 02/23/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.76. The reported EPS for the same quarter last year was $1.03.

Analyst Opinion on Mr. Cooper Group (NASDAQ:COOP)

8 Wall Street analysts have issued ratings and price targets for Mr. Cooper Group in the last 12 months. Their average twelve-month price target is $27.14, predicting that the stock has a possible downside of 10.30%. The high price target for COOP is $34.00 and the low price target for COOP is $14.00. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Mr. Cooper Group has received a consensus rating of Buy. The company’s average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $27.14, Mr. Cooper Group has a forecasted downside of 10.3% from its current price of $30.26. Mr. Cooper Group has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Mr. Cooper Group (NASDAQ:COOP)

Mr. Cooper Group does not currently pay a dividend. Mr. Cooper Group does not have a long track record of dividend growth.

Insiders buying/selling: Mr. Cooper Group (NASDAQ:COOP)

In the past three months, Mr. Cooper Group insiders have not sold or bought any company stock. Only 1.53% of the stock of Mr. Cooper Group is held by insiders. 89.40% of the stock of Mr. Cooper Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Mr. Cooper Group (NASDAQ:COOP

Earnings for Mr. Cooper Group are expected to decrease by -47.35% in the coming year, from $8.87 to $4.67 per share. The P/E ratio of Mr. Cooper Group is 15.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.65. The P/E ratio of Mr. Cooper Group is 15.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.49. Mr. Cooper Group has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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