Home Point Capital Full Year 2022 Earnings: Misses Expectations
Home Point Capital (NASDAQ:HMPT) Full Year 2022 Results
Key Financial Results
Revenue: US$367.9m (down 68% from FY 2021).
Net loss: US$163.7m (down by 199% from US$166.3m profit in FY 2021).
US$1.18 loss per share (down from US$1.19 profit in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Home Point Capital Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 2.6%.
Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Mortgage industry in the US are expected to grow by 7.8%.
Performance of the American Mortgage industry.
The company's shares are up 13% from a week ago.
It is worth noting though that we have found 1 warning sign for Home Point Capital 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.
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