loanDepot (NYSE: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.
