For the quarter ended September 2024, loanDepot (LDI) reported revenue of $314.6 million, up 18.4% over the same period last year. EPS came in at $0.03, compared to -$0.15 in the year-ago quarter.The reported revenue represents a surprise of +9.87% over the Zacks Consensus Estimate of $286.35 million. With the consensus EPS estimate being -$0.03, the EPS surprise was +200.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Group 1: Earnings Performance - LoanDepot reported quarterly earnings of $0.03 per share, exceeding the Zacks Consensus Estimate of a loss of $0.03 per share, compared to a loss of $0.15 per share a year ago, representing an earnings surprise of 200% [1] - The company posted revenues of $314.6 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 9.87%, compared to year-ago revenues of $265.66 million [2] - Over the last four quarters, LoanDepot has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Group 2: Stock Performance and Outlook - LoanDepot shares have declined approximately 40.9% since the beginning of the year, while the S&P 500 has gained 19.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is -$0.03 on $272 million in revenues, and -$0.25 on $1.05 billion in revenues for the current fiscal year [7] Group 3: Industry Context - The Financial - Mortgage & Related Services industry, to which LoanDepot belongs, is currently in the top 6% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact LoanDepot's stock performance [5] - The Zacks Rank for LoanDepot is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]

Financial Performance - Revenue for Q3 2024 was $315 million, an 18% increase year-over-year, with adjusted revenue at $329 million, up 26% from the prior year[1]. - Net income for Q3 2024 was $3 million, compared to a net loss of $34 million in Q3 2023, reflecting improved revenue and cost productivity[1][9]. - Adjusted EBITDA for Q3 2024 reached $64 million, significantly up from $15 million in the same quarter last year[1]. - Total net revenues for the three months ended September 30, 2024, were $314,598 thousand, a 18.6% increase from $265,390 thousand in June 2024[18]. - Net income for the three months ended September 30, 2024, was $2,672 thousand, compared to a net loss of $65,853 thousand in June 2024[18]. - Adjusted total revenue for Q3 2024 was $329,499, reflecting a 26.2% increase from $261,116 in Q3 2023[29]. - Net income attributable to loanDepot, Inc. for Q3 2024 was $1,369, compared to a loss of $16,599 in Q3 2023[30]. - Adjusted net income for Q3 2024 was $7,077, a significant improvement from a loss of $29,211 in Q3 2023[30]. - For the three months ended September 30, 2024, loanDepot reported a net income of $2.67 million, compared to a net loss of $32.21 million for the previous quarter and a net loss of $16.60 million for the same period last year[33]. - Adjusted net income for the three months ended September 30, 2024, was $7.08 million, a significant improvement from a loss of $15.89 million in the previous quarter and a loss of $29.21 million in the same period last year[33]. Loan Origination and Volume - Pull-through weighted lock volume for Q3 2024 was $6.7 billion, a 19% increase from Q3 2023, while loan origination volume was $6.7 billion, up 9% year-over-year[8]. - Total loan origination volume for Q3 2024 reached $6,659,329, a 9.5% increase from $6,083,143 in Q3 2023[21]. - Conventional conforming loans accounted for $3,254,702, representing a 3.0% increase from $3,158,107 in the same quarter last year[21]. - FHA/VA/USDA loans increased to $2,564,827, up 8.9% from $2,354,630 in Q3 2023[21]. - Total loans sold amounted to $6,305,964, a slight decrease of 0.3% compared to $6,267,888 in Q3 2023[22]. Assets and Liabilities - Total assets increased to $6,417,627 thousand as of September 30, 2024, up 8.0% from $5,942,777 thousand in June 2024 and 5.6% from $6,078,529 thousand in September 2023[16]. - Total liabilities increased to $5,825,578 thousand as of September 30, 2024, up 8.6% from $5,363,839 thousand in June 2024[19]. - Cash balance stood at $483 million, indicating a strong liquidity profile[1]. - Cash and cash equivalents decreased to $483,048 thousand, down 9.4% from $533,153 thousand in June 2024 and 32.6% from $717,196 thousand in September 2023[16]. - Total equity as of September 30, 2024, was $592,049 thousand, a 2.3% increase from $578,938 thousand in June 2024 but a 23.0% decrease from $768,935 thousand in September 2023[16]. - Available borrowing capacity was $500 million as of September 30, 2024[16]. Operational Efficiency and Strategic Initiatives - The company announced the completion of Vision 2025 and the launch of Project North Star, aimed at sustainable profitability and operational efficiency[4][5]. - The company plans to continue focusing on expanding its loan origination capabilities and enhancing its technology platform to improve operational efficiency[24]. - The company has initiated Project North Star, focusing on achieving run-rate profitability and ongoing cost management[36]. - LoanDepot's restructuring efforts, announced as part of Vision 2025, included employee severance expenses totaling $1.85 million for the three months ended September 30, 2024[34]. - The company is committed to enhancing its HELOC product as part of its strategic initiatives moving forward[36]. Expenses and Charges - The company incurred restructuring and impairment charges totaling $1.9 million, a decrease from the previous year[8]. - Personnel expenses increased to $161,330 thousand for the three months ended September 30, 2024, compared to $141,036 thousand in June 2024[18]. - During the three months ended September 30, 2024, loanDepot incurred $18.88 million in expenses related to a cybersecurity incident, with an expected insurance reimbursement of $20.0 million recorded[34]. - The company recorded $35.0 million in insurance reimbursement related to the cybersecurity incident during the nine months ended September 30, 2024[34]. Market Outlook - The company anticipates origination volume between $6 billion and $8 billion for Q4 2024, with a pull-through weighted rate lock volume forecasted between $5.5 billion and $7.5 billion[10]. - The company anticipates potential growth opportunities despite challenges in the macroeconomic environment and regulatory landscape[36].

Investors in loanDepot, Inc. (LDI) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $7.5 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

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 June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to _____ Commission File Number: 001-40003 | --- | --- | --- | --- | |------------------------------------------------------------------------------|----- ...

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 ...