UWM Holdings Corp reports results for the quarter ended March 31 - Earnings Summary

• UWM Holdings Corp UWMC.N reported a quarterly adjusted loss of 12 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of ten analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 3 cents to 10 cents per share.

• Revenue rose 7.6% to $613.37 million from a year ago; analysts expected $557.19 million.

• UWM Holdings Corp's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $13.68 million.

• UWM Holdings Corp shares had fallen by 12.6% this quarter and lost 18.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for UWM Holdings Corp is $7.00

This summary was machine generated from LSEG data May 6 at 01:33 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)