Loandepot Inc expected to post a loss of 23 cents a share - Earnings Preview

loanDepot

06/05/2023 03:03

* Loandepot Inc  LDI.N   LDI  is expected to show a fall in
quarterly revenue when it reports  results on May 9. 
    * The Irvine California-based  company is expected to report
 a
64.9% decrease in revenue to $177.255 million from $504.61
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Loandepot Inc is
for a
loss of 23 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Loandepot
Inc is
$1.75​, above​ its last closing price of $1.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.28       -0.27      -0.35     Missed  -32
 Sep. 30 2022  -0.28       -0.27      -0.36     Missed  -34
 Jun. 30 2022  -0.22       -0.22      -0.53     Missed  -137​
 Mar. 31 2022  0.03        0.03       -0.26     Missed  -1,047
                                                        .5
 ​​Dec.        0.15        0.16       0.09      Missed  -44.7
 31 2021                                                
 Sep. 30 2021  0.38        0.39       0.46      Beat    18.8​
 Jun. 30 2021  0.54        0.52       0.18      Missed  -65.6
 Mar. 31 2021  0.57        0.56       0.98      Beat    73.5
 This summary was machine generated May 6 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated