UWM Holdings Corp reports results for the quarter ended in December - Earnings Summary

UWM Holdings

01/03/2023 14:37

* UWM Holdings Corp  UWMC.N  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended in December. The
mean expectation of eleven analysts for the quarter was for a
loss of one cent per share.
    * Revenue fell 50% to $302.43 million from a year ago;
analysts
expected $287.56 million. 
    * UWM Holdings Corp's reported EPS for the quarter was
breakeven
results​.
    * The mean earnings estimate of analysts had risen by
about 28.1%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * UWM Holdings Corp shares had risen by 28.7% this quarter.
    * The company reported a quarterly loss of $277 thousand.
    * Wall Street's median 12-month price target for UWM
Holdings Corp
is $3.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 4 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 1
at 02:37 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.01          -0.03          Missed
 Sep. 30 2022      -0.03          0.16           Beat
 Jun. 30 2022      0.06           0.10           Beat
 Mar. 31 2022      0.07           0.22           Beat