loanDepot's Earnings Outlook
Portfolio Pulse from Benzinga Insights
loanDepot (NYSE:LDI) is anticipated to report a Q4 EPS of $-0.07 on March 12, 2024. The company's historical performance shows a mixed reaction to earnings reports, with the last quarter beating estimates by $0.01 and resulting in an 8.39% share price increase. Over the last year, LDI shares have risen by 52.03%, indicating a positive outlook from long-term shareholders. Investors will be keenly watching for not only the earnings results but also the future guidance provided by the company.
March 11, 2024 | 4:02 pm
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loanDepot is expected to report a Q4 EPS of -$0.07 on March 12, 2024. Historical data shows positive stock movement following earnings beats. Long-term shareholders remain bullish with a 52.03% increase in share price over the last year.
Given loanDepot's history of positive stock movement following earnings beats and the significant annual increase in share price, there's a strong likelihood of a positive short-term impact if the company meets or exceeds the EPS estimate and provides favorable future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100