* UWM Holdings Corp 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
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