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UWM Holding (UWMC)
NYSE:UWMC
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
-0.23Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -5.78%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in production and profitability, with strong performance in the broker channel and major investments in technology. However, challenges such as higher operating expenses and a tough interest rate environment were also noted. Overall, the positive aspects slightly outweigh the negatives.Company Guidance
During the UWM Holdings Corporation Fourth Quarter and Full Year 2024 Earnings Conference Call, Mathew Ishbia, Chairman and CEO, highlighted several key metrics and provided guidance for the upcoming year. The company saw a significant 29% year-over-year growth, achieving $139 billion in production with a gain on sale up 20% to 110 basis points. For the fourth quarter specifically, UWM reported $38.7 billion in production and a gain margin of 105 basis points. Looking ahead to Q1 2025, UWM expects production to be between $28 billion and $35 billion, with a gain margin ranging from 90 to 115 basis points. Ishbia emphasized the company's strategic investments in technology, AI, and personnel, positioning them for continued dominance in both the purchase and refinance markets. UWM's adjusted EBITDA for 2024 was $460 million, with $118.2 million for Q4, reflecting the company's strong operational performance amidst challenging market conditions.Significant Year-over-Year Growth
UWM Holdings Corporation reported a 29% year-over-year growth, reaching $139.4 billion in overall production for 2024.
Record Purchase Year
2024 was the best purchase year for UWM, with over $96 billion in production, which might be the highest of all time for any direct lender in history.
Increased Gain on Sale Margin
The gain on sale margin increased to 110 basis points from 92 basis points last year.
Strong Broker Channel Growth
Broker channel share increased to 27.4% in Q3 2024, up from 20.4% in 2022. Over 16,000 loan officers joined the broker channel.
Operational Profitability
UWM remained profitable with $460 million in adjusted EBITDA for 2024 and $118.2 million for Q4.
Investment in Technology and AI
UWM invested significantly in technology and AI, with expected positive impacts on efficiency and growth in the coming years.
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UWMC 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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UWMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $6.58 | $6.20 | -5.78% |
| Nov 07, 2024 | $6.51 | $6.05 | -7.07% |
| Aug 06, 2024 | $8.49 | $8.26 | -2.71% |
| May 09, 2024 | $6.85 | $7.20 | +5.11% |
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 UWM Holding (UWMC) report earnings?
UWM Holding (UWMC) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is UWM Holding (UWMC) earnings time?
UWM Holding (UWMC) earnings time is at Feb 26, 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 UWMC EPS forecast?
UWMC EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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