Loandepot Inc expected to post a loss of 9 cents a share - Earnings Preview

loanDepot

02/08/2024 23:05

* Loandepot Inc  LDI.N   LDI  is expected to show a fall in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Irvine California-based  company is expected to report
a
3.7% decrease in revenue to $265.534 million from $275.71
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. (Sale Represents Total Net
Revenue)
    * ​LSEG's mean analyst estimate for Loandepot Inc is for a
loss
of 9 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
$2.03​, below​ its last closing price of $2.17. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.05       -0.06      -0.12     Missed  -114.3
 Dec. 31 2024  -0.08       -0.07      -0.08     Missed  -11.6
 Jan. 1 0001   -0.07       -0.08      -0.08     Met     0​
 Jun. 30 2023  -0.12       -0.13      -0.11     Beat    16.9
 ​​Jan.        -0.22       -0.23      -0.18     Beat    21.1
 1 0001                                                 
 Jan. 1 0001   -0.28       -0.27      -0.35     Missed  -32​
 Sep. 30 2022  -0.28       -0.27      -0.36     Missed  -34
 Jan. 1 0001   -0.22       -0.22      -0.53     Missed  -137
 This summary was machine generated August 2 at 22:05 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)