News

For the quarter ended March 2024, loanDepot (LDI) reported revenue of $222.79 million, up 7.2% over the same period last year. EPS came in at -$0.21, compared to -$0.25 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $232.65 million, representing a surprise of -4.24%. The company delivered an EPS surprise of -250.00%, with the consensus EPS estimate being -$0.06.

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:

• Revenues- Net interest income: -$0.74 million compared to the $2.40 million average estimate based on two analysts. The reported number represents a change of -161.9% year over year.
• Revenues- Other income: $15.07 million versus the two-analyst average estimate of $20.35 million. The reported number represents a year-over-year change of -26.1%.
• Revenues- Servicing fee income: $124.06 million versus $120.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
• Revenues- Change in fair value of servicing rights, net: -$45.27 million versus the two-analyst average estimate of -$45.95 million. The reported number represents a year-over-year change of -14.3%.

View all Key Company Metrics for loanDepot here>>>

Shares of loanDepot have returned -13.8% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

Where Will Stocks Go…

If Biden Wins? If Trump Wins?

The answers may surprise you.

Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!

Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…

1. Medical manufacturer has gained +11,000% in the last 15 years.

2. Rental company is absolutely crushing its sector.

3. Energy powerhouse plans to grow its already large dividend by 25%.

4. Aerospace and defense standout just landed a potentially $80 billion contract.

5. Giant Chipmaker is building huge plants in the U.S.

Hurry, Download Special Report FREE >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.