UWM Hldgs Q2 2024 Adj. EPS $0.04 Misses $0.07 Estimate, Sales $507.094M Miss $527.312M Estimate
Portfolio Pulse from Benzinga Newsdesk
UWM Holdings (NYSE:UWMC) reported Q2 2024 adjusted EPS of $0.04, missing the analyst estimate of $0.07 by 42.86%. Sales were $507.094M, also missing the estimate of $527.312M by 3.83%. This represents a 13.69% decrease from the same period last year.
August 06, 2024 | 12:32 pm
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UWM Holdings reported Q2 2024 earnings and sales that missed analyst estimates, with EPS missing by 42.86% and sales missing by 3.83%. Sales also decreased by 13.69% year-over-year.
The significant miss on both EPS and sales, along with a notable year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100