loanDepot Q2 EPS $(0.13), Inline, Sales $271.88M Beat $259.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
loanDepot (NYSE:LDI) reported Q2 earnings per share (EPS) of $(0.13), in line with analyst consensus. This is a 75.47% increase over losses from the same period last year. The company's quarterly sales of $271.88M beat the analyst consensus estimate of $259.34M by 4.84%, but this is a 11.91% decrease from last year's sales.
August 08, 2023 | 8:04 pm
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NEUTRAL IMPACT
loanDepot's Q2 earnings met analyst expectations and sales beat estimates, but both earnings and sales are down year-over-year.
While loanDepot's Q2 earnings met analyst expectations and sales beat estimates, the year-over-year decrease in both earnings and sales could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100