UWM Holdings Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-09

UWM Holdings (NYSE:UWMC) Third Quarter 2024 Results Key Financial Results Revenue: US$526.4m (down 9.9% from 3Q 2023). Net loss: US$6.30m (down by 135% from US$18.2m profit in 3Q 2023). US$0.063 loss...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 12%. Earnings per share  was also behind analyst expectations.Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US.The company's share price is broadly unchanged from a week ago.You should learn about the   2 warning signs  we've spotted with UWM Holdings.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"UWMC":"UWM Holdings Corporation"},"translate_title":"UWM Holdings 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UWMC":0.9},"content_text":"UWM Holdings (NYSE:UWMC) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$526.4m (down 9.9% from 3Q 2023).\nNet loss: US$6.30m (down by 135% from US$18.2m profit in 3Q 2023).\nUS$0.063 loss per share (down from US$0.20 profit in 3Q 2023).\n\n\n\n\n  NYSE:UWMC Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nUWM Holdings Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 12%. Earnings per share (EPS) was also behind analyst expectations. \n Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US. \nPerformance of the American Diversified Financial industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n You should learn about the   2 warning signs  we've spotted with UWM Holdings. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482502428"}