Walker & Dunlop (WD)
NYSE:WD
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.91Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a clear operational and financial rebound: materially higher transaction volumes (+94% YoY), strong revenue and EPS growth (+27% and +475% YoY, respectively), improved segment profitability (notably Capital Markets turnaround) and a growing servicing portfolio that provides durable cash flow. The primary negatives are a still-elevated but shrinking loan repurchase exposure (~$192M), associated near-term expenses (~$10M in Q1) and ongoing GSE reviews with uncertain timing, plus investment sales remain modestly up (+4%). On balance, the positive performance metrics, scale gains, improved profitability, and confident guidance/pipeline outweigh the manageable repurchase and market-duration headwinds.Company Guidance
Record Transaction Volume Recovery
Total transaction volume of $13.7 billion in Q1 2026, up 94% year-over-year, driven by broad-based activity across the platform.
Strong Top-Line and EPS Growth
Total revenues of $301 million, up 27% year-over-year, and diluted EPS of $0.46, up 475% versus Q1 2025.
Improved Profitability Metrics
Adjusted EBITDA of $74 million, up 14% year-over-year, and adjusted core EPS increased 20% year-over-year.
Capital Markets Momentum
Capital Markets revenues rose 58% to $162 million; segment net income was $28 million (up $26 million YoY) and adjusted EBITDA improved to $3.9 million from a loss of $13.3 million a year ago.
Robust Debt Originations and Market Share Gains
Debt originations totaled $11.8 billion (more than doubled YoY). Agency lending volume up 109% to $5.2 billion (including $3.1 billion with Freddie Mac); GSE originations $4.7 billion and market share increased from 11.2% to 12.3%.
Brokered Debt Surge
Brokered debt volumes reached $6.5 billion, up 155% year-over-year, reflecting increased ability to place capital across asset classes.
Servicing Portfolio Scale and Stability
Servicing portfolio grew to $146 billion, generating $85 million of servicing fees (up 4% YoY) and SAM segment revenues of $138 million (up 5% YoY); SAM net income increased 12% and adjusted EBITDA was $112 million (up 3%).
Strong Credit Fundamentals in At-Risk Portfolio
Fannie Mae At-Risk portfolio: $69 billion across >3,200 loans with only 14 loans in default (24 bps). Weighted average DSCR > 2.0x, only ~1% of loans collected below 1x, average underwritten LTV 61%, and only 4% of loans above 75% LTV.
Balance Sheet & Capital Allocation
Quarter-end cash of $193 million; executed $13 million of share repurchases (283,000 shares at $47.13 avg) with $62 million remaining under 2026 authorization; Board approved quarterly dividend of $0.68 per share (unchanged).
Strategic Outlook and Pipeline Confidence
Management reiterated confidence in 2026 guidance, highlighted a healthy Q2 pipeline, stronger HUD pipeline and a 5-year strategic growth plan (Journey to '30) targeting $2 billion of revenues by 2030.
WD 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
WD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $52.44 | $54.08 | +3.12% |
Feb 26, 2026 | $57.25 | $46.12 | -19.44% |
Nov 06, 2025 | $76.88 | $68.33 | -11.12% |
Aug 07, 2025 | $71.97 | $76.20 | +5.87% |
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.
FAQ
When does Walker & Dunlop (WD) report earnings?
Walker & Dunlop (WD) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Walker & Dunlop (WD) earnings time?
Walker & Dunlop (WD) earnings time is at Jul 30, 2026, Before Open (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 WD EPS forecast?
WD EPS forecast for the fiscal quarter 2026 (Q2) is 0.91.