UWM Holdings Corp expected to post earnings of 7 cents a share - Earnings Preview

UWM Holdings

02/08/2024 15:59

* UWM Holdings Corp  UWMC.N   UWMC.K  is expected to show a
fall
in quarterly revenue when it reports  results on August 6 for
the period ending June 30 2024
    * The Pontiac Michigan-based  company is expected to report
a
10.2% decrease in revenue to $527.312 million from $587.52
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for UWM Holdings Corp is for
earnings of 7 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 had risen by
about 8.5%
in the last three months. ​
    * Wall Street's median 12-month price target for UWM
Holdings Corp
is $7.00​, below​ its last closing price of $8.15. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.04        0.06       0.09      Beat    41.5
 Dec. 31 2024  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
 ​​Mar.        0.03        0.03       -0.07     Missed  -308.1
 31 2023                                                
 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
 This summary was machine generated August 2 at 14:59 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)