Earnings Forecast Research on Ocwen Financial Corporation (OCN)

Ocwen Financial Corporation has received $-0.18 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 1 Financial Advisor in the Stock Trading Firms. The EPS growth rate is projected at 81.63%.

Ocwen Financial Corporation reported better than expected with a surprise EPS of 118.18% or $0.52 during its most recent quarterly earnings. The Actual EPS was $0.08 compared to the Estimated EPS of $-0.44. West Palm Beach based Ocwen Financial Corporation Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Mar 06, 2017.

In the last quarter, Ocwen Financial Corporation reported Annual Earnings of $0.08. Based on the filings, last years Annual Earnings was, $-1.29. In the last Quarter, OCN reported a surprise Earnings per Share of 118.18% . The consensus estimate for current quarter is $-0.18 and for the current fiscal year, the estimate is $-1.7. For the Next fiscal year, the estimate is $-0.79 based on the consensus.

Ocwen Financial Corporation (NYSE:OCN) witnessed a volatile trading activity on Tuesday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.23 and reached the intraday high at $5.34. The bulls started the profit booking and pushed the shares to intraday low of $5.17. The trading session was marked by a volume range of 2,054,558 shares exchanging hands. The 52-week high of the shares is $6.41 and the 52-week low is $1.29. The market cap of the company stands at $653 million and there are 123,989,954 shares in public circulation.

Ocwen Financial Corporation is a financial services holding company engaged in asset acquisition and resolution, residential finance, commercial finance, investment management and hotel operations. The Company primarily specializes in the aquisition and resolution of non-performing or underperforming loans.

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