loanDepot Q1 2024 Adj EPS $(0.12) Misses $(0.06) Estimate, Sales $222.785M Miss $231.560M Estimate
Portfolio Pulse from Benzinga Newsdesk
loanDepot reported Q1 2024 adjusted EPS of $(0.12), missing the $(0.06) estimate, with sales of $222.785M also missing the $231.560M estimate. This represents a 36.84% increase in losses per share and a 7.16% increase in sales from the same period last year.
May 07, 2024 | 9:35 pm
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NEGATIVE IMPACT
loanDepot's Q1 2024 earnings missed estimates with adjusted EPS of $(0.12) and sales of $222.785M, indicating a potential negative short-term impact.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term. The reported increase in losses per share and missed sales estimates could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100