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loanDepot, Inc. (LDI)

NYSE - NYSE Delayed Price. Currency in USD
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1.3900-0.1000 (-6.71%)
At close: 04:00PM EDT
1.4100 +0.02 (+1.44%)
After hours: 07:53PM EDT
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  • N
    Nate
    zero yet?
  • P
    Peter
    ex div tomorrow?
  • D
    Darrell
    Market forces rained on the parade of loanDepot, Inc. (NYSE:LDI) shareholders today, when the analysts downgraded their forecasts for this year. Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.
    After the downgrade, the consensus from loanDepot's ten analysts is for revenues of US$1.8b in 2022, which would reflect a disturbing 44% decline in sales compared to the last year of performance. After this downgrade, the company is anticipated to report a loss of US$0.57 in 2022, a sharp decline from a profit over the last year. Before this latest update, the analysts had been forecasting revenues of US$2.4b and earnings per share (EPS) of US$0.54 in 2022. There looks to have been a major change in sentiment regarding loanDepot's prospects, with a sizeable cut to revenues and the analysts now forecasting a loss instead of a profit.
  • N
    Nate
    putting out more fluff news
  • N
    Nate
    It won't be long before you'll own more shares than the insiders.
  • h
    hilton
    The street has no clue about evaluating mortgage stocks.. Panicked as if the mortgage rates are gonna be 6%+ for a long time.. Guess what they dropped .25% already in the last 10 days.. The rates will settle in the low high 3% range eventually. The rates were too low for too long.. Too much collateral economic damage would occur with long term rates over 5%
  • J
    James
    Just brutal in this sector. $rkt and $LDI needs to start massively cutting expenses. No point to keep high expense when your sector is in downtrend. 30 yr mortgage rate is 6%.
    The real estate market would need to crash in order to revive the mortgage market. Ain’t nobody buying property now with the high rate and still record home prices.
  • $
    $invest
    At current Levels where it can be an acquisition target by other banks/lenders or even PE! Isn't that what the new CEO did to Corelogic when he was CEO there? After all there could be hope of some silver lining! especially for those of us that bought it at IPO price
  • N
    Nate
    1.50 on the way
  • h
    hilton
    But..but..but.. inflation too high in housing.. There will never be another mortgage loan again.. rates too high.. no one will ever buy a home or refinance again.

    Every business in the industry will never make money again...

    Over correction as usual
  • P
    Peter
    Is loandepot (LDI) ex div day tomorrow?
  • N
    Nate
    Your divs have been canceled for the foreseeable future. Check the last earnings report/call.
  • N
    Nate
    Insiders showing their confidence in the company by selling at low prices.
  • N
    Nate
    JMD's time has come to sell his shares.
  • S
    Saurabh
    Biggest investing mistake of my 4 years investment journey! Bought at 20 sold at 2.1 This company needs to be applauded 👏🏻
  • M
    Mathias
    When Hanzo going to report those "hidden assets"???
  • T
    Trey
    I also worked for LDI, if you didn't buy today you missed out. They will get back to $10 per share in the next 12 months. Too much capital laying around. The mortgage business will be ok, this isn't 2008.
  • P
    Paul
    Delist!
  • N
    Nate
    money gone
  • K
    Kody
    Why is this down so bad? They have a free cash flow of 1.5 billion??