UWM (US:UWMC) ZACKSยท2024-08-06 15:00Core Insights - UWM Holdings Corporation (UWMC) reported a revenue of $507.09 million for the quarter ended June 2024, reflecting a year-over-year decline of 13.7% and an EPS of $0.04 compared to $0.11 a year ago [1] - The reported revenue was a surprise of -6.15% against the Zacks Consensus Estimate of $540.31 million, while the EPS surprise was -33.33% against the consensus estimate of $0.06 [1] Revenue Breakdown - Loan production income was reported at $357.11 million, exceeding the average estimate of $334.86 million from four analysts [3] - Interest income reached $121.39 million, surpassing the average estimate of $109.01 million from four analysts [4] - Loan servicing income was $143.91 million, falling short of the average estimate of $184.30 million from four analysts [5] - The change in fair value of mortgage servicing rights was reported at -$115.32 million, worse than the average estimate of -$81.11 million from four analysts [6] Stock Performance - UWM shares have returned +32% over the past month, contrasting with the Zacks S&P 500 composite's -6.7% change [6] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [6]