Loandepot Inc reports results for the quarter ended in December - Earnings Summary

loanDepot

12/03/2024 21:01

* Loandepot Inc  LDI.N  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -35
cents.  The mean expectation of six analysts for the quarter was
for a loss of 7 cents per share. Wall Street expected results to
range from -12 cents to -5 cents per share.
    * Revenue rose 33.4% to $251.45 million from a year ago;
analysts
expected $236.76 million. 
    * Loandepot Inc's reported EPS for the quarter was a loss
of 16
cents​.
    * The company reported a quarterly loss of $27.19 million.
    * Loandepot Inc shares had fallen by 27.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 March 12 at
09:00 p.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
 Dec. 31 2023      -0.07          -0.08          Missed
 Sep. 30 2023      -0.08          -0.08          Met
 Jun. 30 2023      -0.13          -0.11          Beat
 Mar. 31 2023      -0.23          -0.18          Beat