loanDepot Q3 EPS $(0.09) Misses $(0.08) Estimate, Sales $265.66M Beat $261.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
loanDepot reported Q3 losses of $(0.09) per share, missing the analyst consensus estimate of $(0.08) by 12.5%. However, the company's quarterly sales of $265.66 million beat the estimate of $261.08 million by 1.75%. This represents a 75.68% increase in losses and a 3.11% decrease in sales compared to the same period last year.
November 07, 2023 | 10:03 pm
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NEUTRAL IMPACT
loanDepot's Q3 earnings missed estimates, but sales beat expectations. This mixed result could lead to uncertainty in the market.
loanDepot's earnings per share (EPS) missed the analyst consensus estimate, which could negatively impact the stock. However, the company's sales beat estimates, which could have a positive effect. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100