In This Article:
loanDepot (NYSE:LDI) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$269.5m (up 42% from 3Q 2023).
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Net income: US$1.37m (up from US$16.6m loss in 3Q 2023).
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Profit margin: 0.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
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EPS: US$0.007 (up from US$0.094 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
loanDepot Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are up 20% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for loanDepot that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.