Recap: loanDepot Q4 Earnings
Portfolio Pulse from Benzinga Insights
loanDepot (NYSE:LDI) reported Q4 earnings with an EPS of $-0.08, missing estimates by -14%, and revenue up $58.97 million year-over-year. Despite missing EPS estimates this quarter, loanDepot had previously beaten EPS estimates in Q3 2023, which led to an 8% share price increase the following day.
March 12, 2024 | 8:15 pm
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NEGATIVE IMPACT
loanDepot reported a miss in Q4 earnings with an EPS of $-0.08, missing estimates by -14%, but showed a significant increase in revenue year-over-year.
The miss in EPS estimates for Q4 is likely to negatively impact investor sentiment in the short term, especially considering the stock's positive reaction to beating estimates in the previous quarter. However, the significant increase in revenue year-over-year could mitigate some negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100