loanDepot Q3 EPS $(0.09) Misses $(0.08) Estimate, Sales $265.66M Miss $268.75M 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%. The company also reported quarterly sales of $265.66 million, missing the estimate of $268.75 million by 1.15%. 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 | 10:17 pm
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NEGATIVE IMPACT
loanDepot's Q3 earnings missed estimates, with higher losses and lower sales than expected. This could negatively impact the company's stock in the short term.
loanDepot's Q3 earnings missed analyst estimates, with losses per share higher and sales lower than expected. This underperformance could lead to a decrease in the company's stock price in the short term as it indicates potential financial instability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100