UWM Holdings Corp reports results for the quarter ended in January 1 - Earnings Summary

UWM Holdings

07/11/2024 17:20

* UWM Holdings Corp  UWMC.N  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended January 1, lower
than the same quarter last year, when the company reported EPS
of 15 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 5 cents to 10 cents per share.
    * Revenue rose 10.1% to $745.60 million from a year ago;
analysts
expected $584.52 million. 
    * UWM Holdings Corp's reported EPS for the quarter was a
loss of 6
cents​.
    * The company reported a quarterly loss of $6.3 million.
    * UWM Holdings Corp shares had fallen by 22.2% this
quarter and
lost 7.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and 2 "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 $8.25 
This summary was machine generated from LSEG data November 7 at
05:19 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
 Sep. 30 2024      0.08           0.01           Missed
 Jun. 30 2024      0.07           0.04           Missed
 Mar. 31 2024      0.06           0.09           Beat
 Dec. 31 2023      0.04           -0.23          Missed