Guild Holdings Full Year 2023 Earnings: Misses Expectations
Guild Holdings (NYSE:GHLD) Full Year 2023 Results
Key Financial Results
Revenue: US$721.6m (down 41% from FY 2022).
Net loss: US$39.0m (down by 112% from US$328.6m profit in FY 2022).
US$0.64 loss per share (down from US$5.39 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Guild Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 15%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Origination segment contributing a total revenue of US$516.4m (72% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$685.6m (90% of total expenses). Explore how GHLD's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Guild Holdings that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
