UWM Hldgs Q4 Adj. EPS $(0.23) Misses $0.05 Estimate, Sales $(114.58M) Miss $350.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
UWM Holdings (UWMC) reported a significant miss in both Q4 adjusted EPS and sales against analyst estimates. The adjusted EPS was $(0.23), missing the $0.05 estimate by 560%, and sales were $(114.58M), missing the $350.73M estimate by 132.67%. This represents a substantial decrease from the previous year's figures.
February 28, 2024 | 2:46 pm
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UWM Holdings reported a significant miss in Q4 earnings and sales, with adjusted EPS at $(0.23) and sales at $(114.58M), far below analyst expectations.
The substantial miss in both earnings per share and sales compared to analyst estimates, along with a significant decrease from the previous year's figures, is likely to negatively impact investor sentiment and put downward pressure on UWMC's stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100