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loanDepot (LDI) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2024, loanDepot (LDI - Free Report) reported revenue of $257.46 million, up 12.6% over the same period last year. EPS came in at -$0.23, compared to -$0.16 in the year-ago quarter.
The reported revenue represents a surprise of -17.05% over the Zacks Consensus Estimate of $310.4 million. With the consensus EPS estimate being $0.02, the EPS surprise was -1250.00%.
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: $1.34 million versus $2.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
Revenues- Other income: $13.63 million versus $26.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -38% change.
Revenues- Servicing fee income: $108.43 million versus the two-analyst average estimate of $122.90 million. The reported number represents a year-over-year change of -18.2%.
Revenues- Change in fair value of servicing rights, net: -$52.52 million versus the two-analyst average estimate of -$38.80 million. The reported number represents a year-over-year change of -8.6%.
Shares of loanDepot have returned +2.4% over the past month versus the Zacks S&P 500 composite's -7.3% 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 (LDI) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2024, loanDepot (LDI - Free Report) reported revenue of $257.46 million, up 12.6% over the same period last year. EPS came in at -$0.23, compared to -$0.16 in the year-ago quarter.
The reported revenue represents a surprise of -17.05% over the Zacks Consensus Estimate of $310.4 million. With the consensus EPS estimate being $0.02, the EPS surprise was -1250.00%.
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: $1.34 million versus $2.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
- Revenues- Other income: $13.63 million versus $26.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -38% change.
- Revenues- Servicing fee income: $108.43 million versus the two-analyst average estimate of $122.90 million. The reported number represents a year-over-year change of -18.2%.
- Revenues- Change in fair value of servicing rights, net: -$52.52 million versus the two-analyst average estimate of -$38.80 million. The reported number represents a year-over-year change of -8.6%.
View all Key Company Metrics for loanDepot here>>>Shares of loanDepot have returned +2.4% over the past month versus the Zacks S&P 500 composite's -7.3% 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.