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UWM Holding (UWMC)
NYSE:UWMC
Holding UWMC?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
-0.23Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 10, 2021
|% Change Since: -5.68%
|Next Earnings Date:Feb 03, 2021
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with significant production and market share growth, especially in purchase lending, despite challenges such as declining MSR values and high interest rates limiting refinance potential. The company's technological investments and liquidity position are also strong indicators of future readiness.Company Guidance
During the UWM Holdings Corporation's Q3 2024 earnings call, Mathew Ishbia provided guidance for the upcoming quarter, projecting total production between $34 billion and $41 billion. The gain margin is expected to remain within 85 to 110 basis points. The company reported a significant Q3 production of $39.5 billion, surpassing previous guidance, with $26 billion in purchase production and $13.3 billion in refis, marking their largest refi quarter in years. UWM also achieved a net income of nearly $32 million despite a $446 million decline in MSR fair value. The call highlighted the company's readiness for future market opportunities, supported by technologies like TRAC+, BOLT, and ChatUWM, and a robust liquidity position with over $600 million in cash and a $212 billion MSR portfolio.Record Purchase Market Share Growth
UWM's purchase market share has grown approximately 300% since 2019, and the company remains the top purchase lender for four consecutive years.
Largest Quarterly Production in Three Years
UWM reported $39.5 billion in total production, marking its largest quarter in three years and surpassing guidance.
Significant Refinance Activity
Closed $13.3 billion in refinance loans, the biggest refinance quarter in a couple of years, indicating preparedness for a potential refinance boom.
Positive Net Income Despite MSR Decline
Generated net income of almost $32 million, despite a $446 million decline in the fair value of mortgage servicing rights due to interest rate changes.
Year-to-Date Production Increase
Year-to-date total production volume of $100.8 billion, marking an approximate 20% increase from the same period in 2023.
Strong Liquidity Position
Ended the third quarter with over $600 million in cash and total accessible liquidity approximating $2.5 billion.
Technological Advancements
Increased adoption of tools like TRAC+, PA+, and BOLT technology, enhancing efficiency and helping brokers win.
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UWMC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UWMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $6.51 | $6.05 | -7.07% |
| Aug 06, 2024 | $8.49 | $8.26 | -2.71% |
| May 09, 2024 | $6.85 | $7.20 | +5.11% |
| Feb 28, 2024 | $6.33 | $6.01 | -5.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does UWM Holding (UWMC) report earnings?
UWM Holding (UWMC) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is UWM Holding (UWMC) earnings time?
UWM Holding (UWMC) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UWMC EPS forecast?
UWMC EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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