UWM Holdings Corp expected to post earnings of 6 cents a share - Earnings Preview

UWM Holdings

07/05/2024 14:51

* UWM Holdings Corp  UWMC.N   UWMC.K  is expected to show a
rise
in quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Pontiac Michigan-based  company is expected to report
a
180.1% increase in revenue to $451.732 million from $161.27
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for UWM Holdings Corp is for
earnings of 6 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for UWM
Holdings Corp
is $6.00​, below​ its last closing price of $7.08. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.04        0.04       -0.23     Missed  -654.2
 Sep. 30 2023  0.06        0.06       0.15      Beat    134.4
 Jun. 30 2023  0.05        0.06       0.11      Beat    95.3​
 Jan. 1 0001   0.03        0.03       -0.07     Missed  -308.1
 ​​Dec.        -0.01       -0.01      -0.03     Missed  -237.1
 31 2022                                                
 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
 This summary was machine generated May 7 at 13:50 GMT.  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)