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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100