Recap: loanDepot Q1 Earnings

loanDepot LDI reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

loanDepot beat estimated earnings by 17.39%, reporting an EPS of $-0.19 versus an estimate of $-0.23.

Revenue was down $295.41 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.09 which was followed by a 4.76% drop in the share price the next day.

Here's a look at loanDepot's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.26 -0.27 -0.21
EPS Actual -0.35 -0.37 -0.53 -0.26
Revenue Estimate 195.28M 243.04M 372.18M 585.65M
Revenue Actual 169.66M 274.19M 308.64M 503.31M

To track all earnings releases for loanDepot visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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