Loandepot Inc expected to post a loss of 7 cents a share - Earnings Preview

loanDepot

08/03/2024 20:37

* Loandepot Inc  LDI.N   LDI  is expected to show a rise in
quarterly revenue when it reports  results on March 12 for the
period ending December 31 2023
    * The Irvine California-based  company is expected to report
a
25.6% increase in revenue to $236.757 million from $188.5
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Sale Represents Total Net
Revenue)
    * ​LSEG's mean analyst estimate for Loandepot Inc is for a
loss
of 7 cents per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Loandepot
Inc is
$2.25​, below​ its last closing price of $2.62. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.07       -0.08      -0.08     Met     0
 Jun. 30 2023  -0.12       -0.13      -0.11     Beat    16.9
 Mar. 31 2023  -0.22       -0.23      -0.18     Beat    21.1​
 Dec. 31 2022  -0.28       -0.27      -0.35     Missed  -32
 ​​Sep.        -0.28       -0.27      -0.36     Missed  -34
 30 2022                                                
 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. 31 2021  0.15        0.16       0.09      Missed  -44.7
 This summary was machine generated March 8 at 20:37 GMT.  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)