NASDAQ$COOP

Mr Cooper Group Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Mr. Cooper Group reported a net income of $275 million for Q3 2023, with significant growth in servicing UPB and book value per share.

Mr. Cooper Group reported a strong Q3 2023 with a net income of $275 million. The company's servicing portfolio reached $937 billion, making it the nation's largest servicer. The company also closed acquisitions of Home Point Capital and Roosevelt Management Company.

  • Net income was reported at $275 million, with a Return on Common Equity (ROCE) of 26.2%.
  • Book value per share and tangible book value per share increased to $65.38 and $62.78, respectively.
  • Servicing UPB grew 10% year-over-year, reaching $937 billion.
  • The company repurchased 1.0 million shares of common stock for $58 million.

Headline financials

Total Revenue

$574M

Previous: $510M+12.5%
EPS (adj)

$2.79

Previous: $0.58+381.0%
Servicing Customer Count

4.3M

Previous: 4.1M+4.9%
Capital Expenditures

-$272M

No prior period
Free Cash Flow

$617M

No prior period
Net Income

$275M

Previous: $113M+143.4%
Operating Income

$273M

Previous: $194M+40.7%
Gross Profit

$574M

Previous: $510M+12.5%
Cash & Equivalents

$553M

Previous: $530M+4.3%
Total Assets

$13.4B

Previous: $12.8B+4.8%

Revenue & EPS history

Mr Cooper · Revenue · Quarterly

$574M

Q3 2023+12.5%vs Q3 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Mr. Cooper Group did not provide specific forward guidance in this earnings report.

Historical earnings impact

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

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+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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