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home / news releases / LDI - loanDepot: This Is A H2 2024 Story

LDI - loanDepot: This Is A H2 2024 Story

loanDepot Inc. Class A

2024-03-17 22:22:07 ET

Summary

  • LDI's actual Q4 2023 revenue and EBITDA were -3% and -15% below the market's consensus forecasts, respectively.
  • A 2H 2024 turnaround for loanDepot is likely, but this potential recovery is priced in a certain extent, and the company's Q3 2024 results will only be released in November.
  • I maintain a Hold rating for LDI, as it is too early to be bullish on loanDepot now, as the stock is most probably a 2H 2024 recovery story.

Elevator Pitch

I rate loanDepot, Inc. ( LDI ) stock as a Hold. Previously, I touched on the appointment of LDI's new "Chief Human Resources Officer" and "executive director of enterprise partnerships and acquisitions" in my October 12, 2023 update . This latest article assesses loanDepot's Q4 2023 financial results and its 2024 prospects....

For further details see:

loanDepot: This Is A H2 2024 Story
Stock Information
Company Name: loanDepot Inc. Class A
Stock Symbol: LDI
Market: NYSE
Website: loandepot.com
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