UWM Hldgs Q1 2024 GAAP EPS $0.09 Beats $0.06 Estimate, Sales $569.956M Beat $451.732M Estimate
Portfolio Pulse from Benzinga Newsdesk
UWM Holdings (UWMC) reported Q1 2024 earnings of $0.09 per share, surpassing the consensus estimate of $0.06 by 50%. Quarterly sales reached $569.956 million, exceeding estimates of $451.732 million by 26.17% and marking a 253.41% increase from the same period last year.
May 09, 2024 | 12:33 pm
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UWM Holdings reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings of $0.09 per share and sales of $569.956 million.
Beating earnings and sales estimates by significant margins, especially with a 253.41% increase in sales year-over-year, is likely to positively impact investor sentiment and the stock price in the short term. The substantial outperformance indicates strong operational efficiency and market demand, which are key drivers of stock appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100