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Stock impact report

Can Ocwen (OCN) Keep the Earnings Surprise Streak Alive? [Yahoo! Finance]

Ocwen Financial Corporation NEW (OCN) 
Last ocwen financial corporation new earnings: 5/2 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
quarterly report, you should consider Ocwen Financial (OCN). This company, which is in the Zacks Financial - Mortgage & Related Services industry, shows potential for another earnings beat. When looking at the last two reports, this mortgage servicer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 20.44%, on average, in the last two quarters. For the last reported quarter, Ocwen came out with earnings of $1.44 per share versus the Zacks Consensus Estimate of $1.09 per share, representing a surprise of 32.11%. For the previous quarter, the company was expected to post earnings of $1.14 per share and it actually produced earnings of $1.24 per share, delivering a surprise of 8.77%. Thanks in part to this history, there has been a favorable change in earnings estimates for Ocwen lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particular Show less Read more
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