Stock Analysis
- United States
- /
- Diversified Financial
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- NYSE:LDI
loanDepot First Quarter 2024 Earnings: Misses Expectations
loanDepot (NYSE:LDI) First Quarter 2024 Results
Key Financial Results
- Revenue: US$176.2m (down 20% from 1Q 2023).
- Net loss: US$34.3m (loss narrowed by 20% from 1Q 2023).
- US$0.19 loss per share (improved from US$0.25 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
loanDepot Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 185%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are down 8.6% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for loanDepot you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether loanDepot is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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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.
About NYSE:LDI
loanDepot
Engages in originating, financing, selling, and servicing residential mortgage loans in the United States.
Excellent balance sheet with reasonable growth potential.