Reports Q1 revenue $274M, consensus $274.96M. “I would like to thank Team loanDepot (LDI) for their dedication and support over these past three years,” said President and Chief Executive Officer Frank Martell. “Together as a team, we addressed the realities of the market while investing in critical systems, products, and processes; these investments will allow loanDepot to take advantage of our marketplace differentiators in this and upcoming cycles, as well as to continue to deliver a best-in-class customer experience. I am proud to have been a part of loanDepot and look forward with confidence to the company’s future success.”
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LDI:
- LDI Upcoming Earnings Report: What to Expect?
- LoanDepot price target lowered to $1.25 from $1.35 at UBS
- LoanDepot price target lowered to $1.50 from $2.25 at BofA
- Challenges in Achieving Profitability: Eric Dray’s Sell Rating on loanDepot Amidst Market Pressures
- loanDepot’s Earnings Call: Mixed Sentiments and Strategic Progress