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

UWM Holdings

28/02/2024 17:52

* UWM Holdings Corp  UWMC.N  reported a quarterly adjusted
loss
of 23 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -3 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 4 cents per share. Wall Street
expected results to range from 2 cents to 9 cents per share.
    * Revenue rose 137.9% to $-114.58 million from a year ago;
analysts expected $353.58 million. 
    * UWM Holdings Corp's reported EPS for the quarter was a
loss
of 29 cents​.
    * The company reported a quarterly loss of $27.08 million.
    * UWM Holdings Corp shares had fallen by 6.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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 2 "strong buy" or "buy," 6
"hold" and 4 "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 UWM Holdings Corp
is $6.00 
This summary was machine generated from LSEG data February 28 at
05:51 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
 Dec. 31 2023      0.04           -0.23          Missed
 Sep. 30 2023      0.06           0.15           Beat
 Jun. 30 2023      0.06           0.11           Beat
 Mar. 31 2023      0.03           -0.07          Missed