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Here's What Key Metrics Tell Us About loanDepot (LDI) Q3 Earnings
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For the quarter ended September 2024, loanDepot (LDI - Free Report) reported revenue of $314.6 million, up 18.4% over the same period last year. EPS came in at $0.03, compared to -$0.15 in the year-ago quarter.
The reported revenue represents a surprise of +9.87% over the Zacks Consensus Estimate of $286.35 million. With the consensus EPS estimate being -$0.03, the EPS surprise was +200.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how loanDepot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Net interest income: -$0.82 million compared to the $2.25 million average estimate based on two analysts. The reported number represents a change of -131.2% year over year.
Revenues- Other income: $26.14 million versus $25.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +95.6% change.
Revenues- Servicing fee income: $124.13 million versus the two-analyst average estimate of $109.50 million. The reported number represents a year-over-year change of +4.5%.
Revenues- Change in fair value of servicing rights, net: -$56.56 million compared to the -$39.15 million average estimate based on two analysts. The reported number represents a change of +58.5% year over year.
Shares of loanDepot have returned -8.4% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About loanDepot (LDI) Q3 Earnings
For the quarter ended September 2024, loanDepot (LDI - Free Report) reported revenue of $314.6 million, up 18.4% over the same period last year. EPS came in at $0.03, compared to -$0.15 in the year-ago quarter.
The reported revenue represents a surprise of +9.87% over the Zacks Consensus Estimate of $286.35 million. With the consensus EPS estimate being -$0.03, the EPS surprise was +200.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how loanDepot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Net interest income: -$0.82 million compared to the $2.25 million average estimate based on two analysts. The reported number represents a change of -131.2% year over year.
- Revenues- Other income: $26.14 million versus $25.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +95.6% change.
- Revenues- Servicing fee income: $124.13 million versus the two-analyst average estimate of $109.50 million. The reported number represents a year-over-year change of +4.5%.
- Revenues- Change in fair value of servicing rights, net: -$56.56 million compared to the -$39.15 million average estimate based on two analysts. The reported number represents a change of +58.5% year over year.
View all Key Company Metrics for loanDepot here>>>Shares of loanDepot have returned -8.4% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.