loanDepot (LDI) reported $265.66 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.1%. EPS of -$0.15 for the same period compares to -$0.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $267.75 million, representing a surprise of -0.78%. The company delivered an EPS surprise of -87.50%, with the consensus EPS estimate being -$0.08.
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:
- Loan origination volume by channel – Total: $6.08 billion versus $6.54 billion estimated by two analysts on average.
- Revenues- Net interest income: $2.61 million compared to the $4.03 million average estimate based on four analysts. The reported number represents a change of -73.3% year over year.
- Revenues- Gain on origination and sale of loans, net: $148.85 million versus $168.63 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
- Revenues- Other income: $13.37 million versus $19.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.6% change.
- Revenues- Servicing fee income: $118.78 million compared to the $115.03 million average estimate based on four analysts. The reported number represents a change of +4.6% year over year.
- Revenues- Change in fair value of servicing rights, net: -$35.69 million versus -$44.02 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.3% change.
View all Key Company Metrics for loanDepot here>>>
Shares of loanDepot have returned -3.4% over the past month versus the Zacks S&P 500 composite’s +1.5% 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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loanDepot, Inc. (LDI) : Free Stock Analysis Report
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