UWM Holdings Corporation reports results for the quarter ended September 30 - Earnings Summary

• UWM Holdings Corporation UWMC.N reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of eight analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 1 cents to 11 cents per share.

• Revenue fell 3.8% to $811.09 million from a year ago; analysts expected $681.00 million.

• UWM Holdings Corporation's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $29.4 million.

• UWM Holdings Corporation shares had risen by 34.7% this quarter and lost 63.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 49% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is "buy."

• Wall Street's median 12-month price target for UWM Holdings Corporation is $1.50, about 6% below its last closing price of $1.59

This summary was machine generated from LSEG data November 4 at 03:51 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)