loanDepot Q4 2023 Adj EPS $(0.08) Misses $(0.07) Estimate, Sales $228.626M Miss $236.757M Estimate
Portfolio Pulse from Benzinga Newsdesk
loanDepot reported Q4 2023 adjusted EPS of $(0.08), missing the $(0.07) estimate, with sales of $228.626M also missing the $236.757M estimate. This represents a 34.76% increase in sales compared to the same period last year.
March 12, 2024 | 8:12 pm
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NEGATIVE IMPACT
loanDepot missed Q4 2023 EPS and sales estimates, reporting adjusted EPS of $(0.08) and sales of $228.626M, marking a 34.76% increase in sales YOY.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the significant year-over-year sales growth may mitigate some negative impacts.
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IMPORTANCE 90
RELEVANCE 100