UWM Holdings Stock Jumps On Q3 Earnings: Revenue Beat, EPS Beat, 'Highly Profitable' Outlook And More
Portfolio Pulse from Adam Eckert
UWM Holdings Corp (NASDAQ:UWMC) reported Q3 earnings with revenue of $677.116 million, beating the consensus estimate of $517.069 million. The company also reported quarterly earnings of 15 cents per share, surpassing estimates of 6 cents per share. The company ended the quarter with approximately $900 million in cash and self-warehouse and approximately $2.9 billion of liquidity. UWM Holdings expects Q4 production to be in the range of $19 billion to $26 billion and full-year production to be between $103 billion and $110 billion. The company's board declared a cash dividend of 10 cents per share.
November 08, 2023 | 3:52 pm
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POSITIVE IMPACT
UWM Holdings reported strong Q3 earnings, beating revenue and EPS estimates. The company's positive outlook for Q4 and full-year production, along with the declared cash dividend, could boost investor confidence.
UWM Holdings reported strong Q3 earnings, beating both revenue and EPS estimates. This positive financial performance, coupled with a strong outlook for Q4 and full-year production, indicates a healthy financial position. The company's board also declared a cash dividend, which is likely to be well-received by investors. These factors could lead to a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100