loanDepot Q2 2024 Adj. EPS $(0.09), Inline, Sales $265.390M Miss $265.534M Estimate
Portfolio Pulse from Benzinga Newsdesk
loanDepot (NYSE:LDI) reported Q2 2024 adjusted EPS of $(0.09), which met analyst expectations, and sales of $265.390 million, slightly missing the $265.534 million estimate. The EPS loss improved by 55% year-over-year, while sales decreased by 2.39%.
August 06, 2024 | 8:38 pm
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loanDepot's Q2 2024 earnings report showed an EPS loss of $(0.09), meeting expectations, and sales of $265.390 million, slightly missing estimates. The EPS loss improved significantly year-over-year, but sales saw a minor decline.
The EPS loss meeting expectations is a positive sign, but the slight miss in sales and the year-over-year decline in revenue could neutralize the impact. Investors may view the improved EPS loss favorably, but the overall mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100