NASDAQ$COOP

Mr Cooper Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Mr. Cooper Group reported a net income of $439 million and pretax operating income from continuing operations of $227 million for Q2 2021.

Mr. Cooper Group reported a strong second quarter with a net income of $439 million, driven by solid operating returns and strategic actions such as the sale of Title365 and Reverse portfolios. The company's balance sheet is strong with $1.2 billion in cash, and the capital ratio exceeded the target of 15%.

  • Reported total net income of $439 million and $4.85 per diluted share, equivalent to a ROCE of 56%.
  • Generated pretax operating income from continuing operations of $227 million, equivalent to ROTCE of 23.1%.
  • Servicing portfolio grew 4% quarter-over-quarter to $654 billion.
  • Completed sale of Title365 for $500 million.

Headline financials

Total Revenue

$574M

Previous: $630M-8.9%
EPS (adj)

$1.92

Previous: $0.77+149.4%
Servicing Customer Count

3.5M

Previous: 3.5M+0.0%
Net Income

$439M

Previous: $73M+501.4%
Operating Income

$149M

Previous: $211M-29.4%
Gross Profit

$574M

Previous: $630M-8.9%
Cash & Equivalents

$716M

Previous: $1.04B-31.2%
Total Assets

$23.3B

Previous: $17.3B+34.7%

Revenue & EPS history

Mr Cooper · Revenue · Quarterly

$574M

Q2 2021-8.9%vs Q2 2020
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

The company's strategic actions, including the sale of Title365 and Reverse, rationalize and simplify the business model, strengthen the balance sheet, and prepare the company for faster growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports

Historical avg

+1.2%

Avg return

Earnings day

+3.7%

Avg return

5 days after

+5.7%

Avg return

30 days after

43%

23 / 54 earnings

Positive

+22.3%

Q4 2021

Best reaction

-16.7%

Q1 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025-0.0%-6.4%+17.5%
Q1 2025-1.1%+2.8%+15.6%
Q4 2024-0.6%+0.5%-5.3%
Q3 2024-2.4%+0.3%+9.2%
Q2 2024+9.1%+5.0%+7.0%
Q1 2024-0.9%-0.3%+2.8%
Q4 2023+7.6%+2.3%+9.0%
Q3 2023+6.1%+4.8%+11.3%
Q2 2023+9.6%+7.3%+2.7%
Q1 2023+6.1%+3.4%+3.9%
Q4 2022+4.4%+6.7%-6.3%
Q3 2022-12.9%-11.5%+0.7%
Q2 2022+12.3%+11.2%+10.2%
Q1 2022+5.3%+8.9%+2.4%
Q4 2021+22.3%+26.4%+14.8%
Q3 2021+0.0%-1.5%-4.7%
Q2 2021+2.8%
Q1 2021+2.8%
Q4 2020+3.5%
Q3 2020-5.6%
Q2 2020+13.0%
Q1 2020-6.3%
Q4 2019-1.0%
Q3 2018-1.7%
Q3 2019+4.8%
Q2 2019+18.8%
Q1 2019+6.4%
Q4 2018-3.3%
Q2 2018+0.7%
Q1 2018-0.7%
Q4 2017+1.6%
Q3 2017-4.2%
Q2 2017-4.3%
Q1 2017-3.8%
Q4 2016-7.1%
Q3 2016+2.5%
Q2 2016-2.1%
Q1 2016+0.0%
Q4 2015+0.4%
Q3 2015-0.4%
Q2 2015-2.4%
Q1 2015-2.2%
Q4 2014+0.0%
Q3 2014-3.8%
Q2 2014+1.1%
Q4 2013-1.8%
Q1 2014-0.6%
Q3 2013+15.8%
Q2 2013-2.9%
Q1 2013+0.0%
Q4 2012+0.0%
Q3 2012-2.1%
Q2 2012+0.0%
Q1 2012-16.7%
Q4 2011
Q3 2011
Q2 2011
Q1 2011

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