loanDepot (LDI) Tops Q1 EPS by 42c, Revenues Beat

loanDepot (NYSE: LDI) reported Q1 EPS of $0.98, $0.42 better than the analyst estimate of $0.56. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.01 billion.

"We are proud of our first quarter results and thank the customers who have entrusted us with one of the most important financial transactions of their lives: the purchase or refinance of the place that means everything — their home," said loanDepot Founder and CEO Anthony Hsieh.

"loanDepot was intentionally and purposely built to be different and our focus on the customer and technology experience has allowed us to set ourselves apart from others in the marketplace and have a record-breaking 2020 and first quarter 2021," continued Hsieh. "Our at-scale, successful, diversified operating model coupled with our customer-centric, technology-driven mindset has allowed our brand to become one of the most-recognized in the industry today, and a true differentiator for our company. Our brand, and its promise, is one of the main reasons that loanDepot has increased our already-industry leading organic customer recapture rate by 9% quarter over quarter. As we look forward to the remainder of 2021, we are confident that loanDepot will continue to thrive. We will continue to establish new products and services and evaluate acquisitions, and, most importantly, always be sure that we are taking great care of our stockholders, team members and the more than 30,000 individuals and families that count on us each month."

For earnings history and earnings-related data on loanDepot (LDI) click here.

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