In This Article:
UWM Holdings (NYSE:UWMC) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$526.4m (down 9.9% from 3Q 2023).
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Net loss: US$6.30m (down by 135% from US$18.2m profit in 3Q 2023).
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US$0.063 loss per share (down from US$0.20 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
UWM Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with UWM Holdings.
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