UWM Holdings Corporation (UWMC - Free Report) reported $-114.58 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 137.9%. EPS of -$0.23 for the same period compares to $0.00 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $402.14 million, representing a surprise of -128.49%. The company delivered an EPS surprise of -866.67%, with the consensus EPS estimate being $0.03.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how UWM Holdings Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Loan production income: $225.44 million versus $223.96 million estimated by four analysts on average.
- Revenue- Interest income: $87.90 million versus $95.22 million estimated by four analysts on average.
- Revenue- Loan servicing income: $206.50 million compared to the $201.20 million average estimate based on four analysts.
- Revenue- Change in fair value of mortgage servicing rights: -$634.42 million versus -$169.08 million estimated by four analysts on average.
View all Key Company Metrics for UWM Holdings Corporation here>>>Shares of UWM Holdings Corporation have returned -1.6% over the past month versus the Zacks S&P 500 composite's +4% 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.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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UWM Holdings Corporation (UWMC - Free Report) reported $-114.58 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 137.9%. EPS of -$0.23 for the same period compares to $0.00 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $402.14 million, representing a surprise of -128.49%. The company delivered an EPS surprise of -866.67%, with the consensus EPS estimate being $0.03.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how UWM Holdings Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Loan production income: $225.44 million versus $223.96 million estimated by four analysts on average.
- Revenue- Interest income: $87.90 million versus $95.22 million estimated by four analysts on average.
- Revenue- Loan servicing income: $206.50 million compared to the $201.20 million average estimate based on four analysts.
- Revenue- Change in fair value of mortgage servicing rights: -$634.42 million versus -$169.08 million estimated by four analysts on average.
View all Key Company Metrics for UWM Holdings Corporation here>>>Shares of UWM Holdings Corporation have returned -1.6% over the past month versus the Zacks S&P 500 composite's +4% 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.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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