loanDepot (LDI) Misses Q2 EPS by 9c ; Provides Outlook

loanDepot (NYSE: LDI) reported Q2 EPS of ($0.18), $0.09 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $265.39 million versus the consensus estimate of $264.03 million.

Outlook for the third quarter of 2024

Origination volume of between $5 billion and $7 billion.
Pull-through weighted rate lock volume of between $5 billion and $7 billion.
Pull-through weighted gain on sale margin of between 280 basis points and 300 basis points.

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

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