Here's What Key Metrics Tell Us About loanDepot (LDI) Q3 Earnings

Core Insights - loanDepot (LDI) reported revenue of $314.6 million for the quarter ended September 2024, marking an 18.4% increase year-over-year and a surprise of +9.87% over the Zacks Consensus Estimate of$ 286.35 million [1] - The company's EPS was $0.03, a significant improvement from -$ 0.15 in the same quarter last year, resulting in an EPS surprise of +200.00% compared to the consensus estimate of - $0.03 [1] Revenue Metrics - Net interest income was reported at -$ 0.82 million, significantly below the average estimate of $2.25 million, representing a year-over-year change of -131.2% [3] - Other income reached$ 26.14 million, slightly above the estimated $25.70 million, reflecting a +95.6% change compared to the previous year [3] - Servicing fee income was$ 124.13 million, exceeding the average estimate of $109.50 million, with a year-over-year increase of +4.5% [3] - The change in fair value of servicing rights, net, was reported at -$ 56.56 million, worse than the average estimate of -$39.15 million, indicating a +58.5% change year-over-year [3] Stock Performance - Over the past month, loanDepot's shares have declined by -8.4%, contrasting with the Zacks S&P 500 composite's slight decrease of -0.5% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]