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UWM Holdings earnings missed by $0.10, revenue fell short of estimates

Published 05/10/2023, 09:03 AM
Updated 05/10/2023, 09:03 AM

Investing.com - UWM Holdings (NYSE: UWMC) reported first quarter EPS of $-0.070, $0.10 worse than the analyst estimate of $0.030. Revenue for the quarter came in at $161.27M versus the consensus estimate of $381.66M.

UWM Holdings's stock price closed at $5.830. It is up 40.480% in the last 3 months and up 67.050% in the last 12 months.

UWM Holdings saw 7 positive EPS revisions and 1 negative EPS revisions in the last 90 days. See UWM Holdings's stock price’s past reactions to earnings here.

According to InvestingPro, UWM Holdings's Financial Health score is "great performance".

Check out UWM Holdings's recent earnings performance, and UWM Holdings's financials here.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Latest comments

Best First Quarter Purchase Volume in Company History; Gain Margin up 80% from Prior Quarter. Net loss of $138m includes $337m decline in fair market value of MSRs, so net operating profit of almost $200m. Tenth consecutive quarter of $0.10/share dividend. I'd say this is far from a miss. A money printing machine that spits out $0.40/year in dividends.
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