UWM Holdings Full Year 2023 Earnings: Misses Expectations
UWM Holdings (NYSE:UWMC) Full Year 2023 Results
Key Financial Results
Revenue: US$2.17b (up 3.7% from FY 2022).
Net loss: US$13.2m (down by 132% from US$41.7m profit in FY 2022).
US$0.14 loss per share (down from US$0.45 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
UWM Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 27%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are down 4.6% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with UWM Holdings, and understanding these should be part of your investment process.
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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.
