loanDepot Inc reports results for the quarter ended December 31 - Earnings Summary

• loanDepot Inc LDI.N reported a quarterly adjusted loss of 24 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of six analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -5 cents to 2 cents per share.

• Revenue rose 2.4% to $257.46 million from a year ago; analysts expected $310.09 million.

• loanDepot Inc's reported EPS for the quarter was a loss of 17 cents​.

• The company reported a quarterly loss of $33.23 million.

• loanDepot Inc shares had fallen by 16.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the consumer lending peer group is also "hold"

Wall Street's median 12-month price target for loanDepot Inc is $2.48

This summary was machine generated from LSEG data March 11 at 09:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)