loanDepot Inc reports results for the quarter ended in January 1 - Earnings Summary

loanDepot

06/11/2024 04:36

* loanDepot Inc  LDI.N  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of -8
cents.  The mean expectation of six analysts for the quarter was
for a loss of 4 cents per share. Wall Street expected results to
range from -7 cents to -2 cents per share.
    * Revenue rose 18.4% to $314.60 million from a year ago;
analysts
expected $276.00 million. 
    * loanDepot Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $1.37
million.
    * loanDepot Inc shares had fallen by 23.8% this quarter and
lost 40.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "hold"

Wall Street's median 12-month price target for loanDepot Inc is
2.25 
This summary was machine generated from LSEG data November 6 at
04:36 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.04          0.02           Beat
 Jun. 30 2024      -0.09          -0.05          Beat
 Mar. 31 2024      -0.06          -0.12          Missed
 Dec. 31 2023      -0.07          -0.08          Missed