Walker & Dunlop (WD)
NYSE:WD
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.28Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflects a predominantly positive outlook: materially stronger transaction volumes, market share gains with GSEs, a sizable servicing portfolio and a robust Q1 2026 pipeline underpin optimistic 2026 guidance and a long-term 'Journey to '30' plan. Near-term headwinds include $66M of Q4 charges tied to loan repurchases and affordable-asset impairments, an isolated origination control failure that led to indemnities and elevated carry costs for repurchased assets. Management framed the charges as one-time, actionable steps to clean up the balance sheet and redeploy capital into higher-return core businesses, and core operating trends (volumes, market share, servicing growth and cash) remain strong.Company Guidance
Transaction Volume Acceleration
Capital Markets transaction volumes grew from $7.0B in Q1 to $18.0B in Q4 (161% growth over the year within 2025); total Q4 transaction volumes were $18.0B, up 36% year-over-year.
Multifamily Sales Momentum and Market Share Gains
Multifamily property sales volumes rose from $1.8B in Q1 to $4.5B in Q4 (146% growth); institutional multifamily sales share increased from 8.7% in 2024 to 10.2% in 2025, finishing the year as the #4 multifamily broker.
Strong GSE Positioning
Finished 2025 as the #1 Fannie Mae DUS lender for the seventh consecutive year, grew Freddie Mac (Optigo) volumes 58% in 2025, and finished as the second largest GSE loan originator with 11.2% market share and $17.8B of total lending volume.
Robust Servicing Portfolio and Cash Balance
Servicing portfolio grew to $144B at December 31, 2025 (up 6% vs. end of 2024); ended the year with $299M of cash on the balance sheet to support repurchases and growth investments.
Underlying Core Earnings Power (Excluding Charges)
Excluding impairment and repurchase-related charges, Q4 would have produced $1.04 diluted EPS (vs. reported -$0.41); illustrative adjusted EBITDA excluding remaining impacts would be $85M (reported $39M).
Positive Segment Performance and Full-Year Improvement
Capital Markets generated $191M of revenue in Q4 (up 5% YoY) and $90M of net income for the full year (up 35% vs. 2024); the team delivered sequential momentum and a very strong early-2026 pipeline.
Strong Q1 2026 Pipeline and Market Tailwinds
Q1 2026 pipeline quoted at $15B (over 2x Q1 2025 production); combined GSE multifamily lending cap increased >20% to $176B, providing favorable market liquidity and opportunity for 2026 growth.
Ambitious 2026 Guidance and Longer-Term Plan
Full-year 2026 guidance: diluted EPS $3.50–$4.00, adjusted EBITDA $300M–$325M, adjusted core EPS $4.50–$5.00; launched the 'Journey to '30' with a target of $9 EPS by 2030 and strategic investments in talent, products and technology.
Productivity and Technology Enhancements
WDSuite launched to integrate client workflows and increase recapture; Apprise appraisal volume up 20% in 2025 (~4,000 appraisals); Zelman research and Market Intelligence are being positioned to drive deal wins with data and AI-enabled insights.
Capital Return and Dividend Increase
Board increased the quarterly dividend to $0.68 per share (a 1.5% increase), reflecting confidence in cash generation and capital allocation; the company has returned >$0.5B to shareholders since 2018.
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 |
|---|---|---|---|
Feb 26, 2026 | $58.04 | $46.76 | -19.44% |
Nov 06, 2025 | $77.94 | $69.28 | -11.12% |
Aug 07, 2025 | $72.97 | $77.25 | +5.87% |
May 01, 2025 | $73.33 | $70.94 | -3.25% |
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 Apr 30, 2026, Before Open (Confirmed).
What is Walker & Dunlop (WD) earnings time?
Walker & Dunlop (WD) earnings time is at Apr 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 (Q1) is 0.28.