UWM Holdings Corp expected to post earnings of 3  cents a share - Earnings Preview

UWM Holdings

08/05/2023 17:36

* UWM Holdings Corp  UWMC.N   UWMC.K  is expected to show a
fall
in quarterly revenue when it reports  results on May 10. 
    * The Pontiac Michigan-based  company is expected to report 
a
51.8% decrease in revenue to $396.489 million from $821.79
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for UWM Holdings Corp
is for
earnings of 3 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 37.9%
in the last three months. ​
    * Wall Street's median 12-month price target for UWM
Holdings Corp
is $3.88​, below​ its last closing price of $5.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.01       -0.01      -0.03     Missed  -237.1
 Sep. 30 2022  -0.03       -0.03      0.16      Beat    673.7
 Jun. 30 2022  0.06        0.06       0.10      Beat    78.3​
 Mar. 31 2022  0.07        0.07       0.22      Beat    200
 ​​Dec.        0.15        0.14       0.11      Missed  -23.1
 31 2021                                                
 Sep. 30 2021  0.12        0.12       0.16      Beat    38.5​
 Jun. 30 2021  0.08        0.08       0.07      Missed  -10.3
 Mar. 31 2021  0.42        0.41       0.41      Met     -1.2
 This summary was machine generated May 8 at 16:36 GMT.  All
figures in US dollars  unless otherwise stated