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

UWM Holdings

09/08/2023 15:11

* UWM Holdings Corp  UWMC.N  reported quarterly adjusted
earnings
of 11 cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
6 cents per share.
    * Revenue rose 4.1% to $587.52 million from a year ago;
analysts
expected $483.96 million. 
    * UWM Holdings Corp's reported EPS for the quarter was 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * UWM Holdings Corp shares had risen by 12.7% this
quarter and
gained 90.6% so far this year.
    * The company reported quarterly net income of $7.56
million.
    * Wall Street's median 12-month price target for UWM
Holdings Corp
is $5.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 02:10 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.06           0.11           Beat
 Mar. 31 2023      0.03           -0.07          Missed
 Dec. 31 2022      -0.01          -0.03          Missed
 Sep. 30 2022      -0.03          0.16           Beat