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

UWM Holdings

10/05/2023 14:32

* UWM Holdings Corp  UWMC.N  reported a quarterly adjusted
loss
of 7 cents​​ per share for the quarter ended in March. The mean
expectation of eleven analysts for the quarter was for earnings
of 3 cents per share.
    * Revenue fell 80.4% to $161.27 million from a year ago;
analysts
expected $396.49 million. 
    * UWM Holdings Corp's reported EPS for the quarter was a
loss
of 13 cents​.
    * The mean earnings estimate of analysts had risen by
about 214.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * UWM Holdings Corp shares had risen by 18.7% this
quarter and
gained 76.1% so far this year.
    * The company reported a quarterly loss of $11.94 million.
    * Wall Street's median 12-month price target for UWM
Holdings Corp
is $3.88 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.03           -0.07          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