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

loanDepot

09/05/2023 22:01

* Loandepot Inc  LDI.N  reported a quarterly adjusted loss
of 18
cents​​ per share for the quarter ended in March. The mean
expectation of eleven analysts for the quarter was for a loss
of 23 cents per share.
    * Revenue fell 55.2% to $226.19 million from a year ago;
analysts
expected $177.26 million. 
    * Loandepot Inc's reported EPS for the quarter was a loss
of 25
cents​.
    * The mean earnings estimate of analysts had fallen by
about 61.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Loandepot Inc shares had risen by 5.6% this quarter and
gained 3.0% so far this year.
    * The company reported a quarterly loss of $42.91 million.
    * Wall Street's median 12-month price target for Loandepot
Inc is
$1.75 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
9 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.23          -0.18          Beat
 Dec. 31 2022      -0.27          -0.35          Missed
 Sep. 30 2022      -0.27          -0.36          Missed
 Jun. 30 2022      -0.22          -0.53          Missed