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

loanDepot

08/08/2023 23:01

* Loandepot Inc  LDI.N  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for a loss
of 13 cents per share.
    * Revenue rose 0.9% to $275.71 million from a year ago;
analysts
expected $257.99 million. 
    * Loandepot Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Loandepot Inc shares had risen by 4.2% this quarter and
gained 33.9% so far this year.
    * The company reported a quarterly loss of $23.44 million.
    * Wall Street's median 12-month price target for Loandepot
Inc is
$2.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.13          -0.10          Beat
 Mar. 31 2023      -0.23          -0.18          Beat
 Dec. 31 2022      -0.27          -0.35          Missed
 Sep. 30 2022      -0.27          -0.36          Missed