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

loanDepot

07/05/2024 23:03

* Loandepot Inc  LDI.N  reported a quarterly adjusted loss
of 12
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -18
cents.  The mean expectation of five analysts for the quarter
was for a loss of 6 cents per share. Wall Street expected
results to range from -8 cents to -2 cents per share.
    * Revenue rose 2.1% to $230.86 million from a year ago;
analysts
expected $231.56 million. 
    * Loandepot Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The company reported a quarterly loss of $34.26 million.
    * Loandepot Inc shares had fallen by 10.8% this quarter and
lost 34.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 76.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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
$2.50 
This summary was machine generated from LSEG data May 7 at 10:03
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
 Mar. 31 2024      -0.06          -0.12          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