loanDepot, Inc. (NYSE:LDI) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Gerhard Erdelji – Senior Vice President, Investor Relations Frank Martell – President and Chief Executive Officer Dave Hayes – Chief Financial Officer Jeff DerGurahian – Chief Investment Officer Jeff Walsh – President, LDI Mortgage Conference Call Participants Douglas Harter – UBS Derek Sommers – Jefferies Operator Good afternoon, and welcome to loanDepot’s Second Quarter 2024 Earnings Call. All lines ...

For the quarter ended June 2024, loanDepot (LDI) reported revenue of $265.39 million, down 2.4% over the same period last year. EPS came in at -$0.05, compared to -$0.19 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $267.66 million, representing a surprise of -0.85%. The company delivered an EPS surprise of +37.50%, with the consensus EPS estimate being -$0.08. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

LoanDepot (LDI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this lender would post a loss of $0.06 per share when it actually produced a loss of $0.21, delivering a surprise of -250%. Over the last four quarters, the company has surpassed conse ...

loan Depot 2Q 2024 INVESTOR PRESENTATION August 6, 2024 DISCLAIMER 2 Forward-Looking Statements and Other Information This presentation may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, our business strategies, including the Vision 2025 plan, including our expanded productivity program, our progress toward run-rate profitability, our HELOC product, financial condition and liquidity, competitive position, industry and regulatory environment ...

loanDepot announces second quarter 2024 financial results Strong operational results highlighted by expanded market share and gain on sale margins; continues to invest in key growth initiatives and platforms. Highlights: • Revenue of $265 million as higher origination and servicing revenues partially offset negative net change in fair value of servicing rights. • Adjusted revenue of $278 million, the highest level since the beginning of the market downturn. • Pull-through weighted gain on sale margin of 322 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this cha ...

LoanDepot expects the mortgage industry to continue facing a challenging environment.Recent interest rate increases have reduced industry forecasts for market volumes for the year, the company said in a Tuesday (May 7) earnings release.“Since our last call, the expectations for lower interest rates have been pushed out from early to mid-2024 to later 2024,” Frank Martell, president and CEO of loanDepot, said Tuesday during the company’s quarterly earnings call. “The higher-for-longer stance by the Federal R ...

Company Participants Gerhard Erdelji - Senior Vice President-Investor Relations Frank Martell - President & Chief Executive Officer Dave Hayes - Chief Financial Officer Doug Harter - UBS Kyle Joseph - Jefferies Good afternoon and welcome to loanDepot's First Quarter 2024 Earnings Call. After the speakerÂ's remarks, there will be a question-and-answer session. [Operator Instructions] Gerhard Erdelji These statements are based on the company's current expectations and available information. Actual results for ...

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 Stre ...

DISCLAIMER This press release may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, our business strategies, including the Vision 2025 plan, including our expanded productivity program, our progress toward run-rate profitability, our HELOC product, financial condition and liquidity, competitive position, industry and regulatory environment, potential growth opportunities, the effects of competition, the impact of the cybersecurity incident tha ...