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loanDepot, Inc. (LDI)
NYSE:LDI
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
-$0.08Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -9.77%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook as LoanDepot returned to profitability and launched a new strategic plan, despite ongoing market challenges and increased expenses.Company Guidance
During the third quarter 2024 earnings call for loanDepot (LDI), the company provided guidance on several key metrics. The pull-through weighted rate lock volume was reported at $6.7 billion, reflecting a 19% increase from the previous year's volume of $5.8 billion, and was on the high end of the guidance range of $5 billion to $7 billion. The pull-through weighted gain on sale margin exceeded expectations, coming in at 329 basis points, surpassing the guidance range of 280 to 300 basis points. Origination volume also saw an increase to $6.7 billion, compared to $6.1 billion in the third quarter of 2023, nearing the upper limit of the projected range of $5 billion to $7 billion. Looking ahead to the fourth quarter, loanDepot anticipates pull-through weighted lock volume between $5.5 billion and $7.5 billion and origination volume between $6 billion and $8 billion, with a pull-through weighted gain on sale margin expected to be between 285 and 305 basis points.Return to Profitability
LoanDepot returned to profitability in Q3 2024 with an adjusted net income of $7 million, compared to an adjusted net loss of $29 million in Q3 2023.
Increase in Origination Volume
Pull-through weighted rate lock volume was $6.7 billion, a 19% increase from the prior year's volume of $5.8 billion.
Vision 2025 Strategic Program Success
Successful implementation of the Vision 2025 strategic program led to higher origination volumes, margin expansion, and process improvements.
Project North Star Launch
Announced Project North Star as the new strategic blueprint focusing on durable revenue growth, positive operating leverage, and best-in-class productivity.
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LDI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $2.15 | $2.57 | +19.53% |
| Aug 06, 2024 | $2.07 | $2.30 | +11.11% |
| May 07, 2024 | $2.28 | $2.15 | -5.70% |
| Mar 12, 2024 | $2.54 | $2.34 | -7.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does loanDepot, Inc. (LDI) report earnings?
loanDepot, Inc. (LDI) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is loanDepot, Inc. (LDI) earnings time?
loanDepot, Inc. (LDI) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LDI EPS forecast?
LDI EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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