* loanDepot Inc reported quarterly adjusted earnings of 2 cents per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of six analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -7 cents to -2 cents per share.
* Revenue rose 18.4% to $314.60 million from a year ago; analysts expected $276.00 million.
* loanDepot Inc's reported EPS for the quarter was 1 cent.
* The company reported quarterly net income of $1.37 million.
* loanDepot Inc shares had fallen by 23.8% this quarter and lost 40.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 10% 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," 3 "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 2.25 This summary was machine generated from LSEG data November 6 at 04:36 a.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 -0.04 0.02 Beat
Jun. 30 2024 -0.09 -0.05 Beat
Mar. 31 2024 -0.06 -0.12 Missed
Dec. 31 2023 -0.07 -0.08 Missed
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