loanDepot Inc reports results for the quarter ended June 30 - Earnings Summary

• loanDepot Inc LDI.N reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -6 cents tozero cents per share.

• Revenue rose 1.6% to $282.54 million from a year ago; analysts expected $309.72 million.

• loanDepot Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $13.39 million.

• loanDepot Inc shares had risen by 37.0% this quarter and lost 14.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 2 "sell" or "strong sell."

• Wall Street's median 12-month price target for loanDepot Inc is $1.30, about 33.8% below its last closing price of $1.74

This summary was machine generated from LSEG data August 8 at 05:16 a.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)