* Loandepot Inc reported a quarterly adjusted loss of 12 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of five analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -8 cents to -2 cents per share.
* Revenue rose 2.1% to $230.86 million from a year ago; analysts expected $231.56 million.
* Loandepot Inc's reported EPS for the quarter was a loss of 19 cents.
* The company reported a quarterly loss of $34.26 million.
* Loandepot Inc shares had fallen by 10.8% this quarter and lost 34.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 76.8% 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 1 "strong buy" or "buy," 2 "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 Loandepot Inc is $2.50 This summary was machine generated from LSEG data May 7 at 10:03 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
Mar. 31 2024 -0.06 -0.12 Missed
Dec. 31 2023 -0.07 -0.08 Missed
Sep. 30 2023 -0.08 -0.08 Met
Jun. 30 2023 -0.13 -0.11 Beat
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