UWMC Stock Recent News

The headline numbers for UWM (UWMC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

UWM Holdings Corporation (UWMC) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.04. This compares to loss of $0.07 per share a year ago.

BOSSY, SBOW and UWMC have been added to the Zacks Rank #5 (Strong Sell) List on April 3, 2023.

While the top- and bottom-line numbers for UWM Holdings Corporation (UWMC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE:UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its fourth quarter 2023 and full year 2023 financial results on Wednesday, February 28, 2024. A press release with financial highlights will be available on the company's investor relations website https://investors.uwm.com in the earnings release section. U.

UWM Holdings doubled its share price in 2023 despite Federal Reserve rate hikes, driven by increased loan volumes and operational efficiency gains. The company dominated the industry with a $29.7 billion overall production and an increase of 97 basis points in total gain margin, showcasing resilience amid high interest rate environment. UWM is positioned better than it ever has been to take advantage of the refinance cycle in 2024 when rate cuts set in.

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE:UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2023 financial results on Wednesday, November 8, 2023. A press release with financial highlights will be available on the company's investor relations website https://investors.uwm.com in the earnings release section. UWM will host a conference.

Mat Ishbia, CEO of United Wholesale Mortgage, joins 'Closing Bell: Overtime' to discuss the outlook for mortgage rates, the impact of inflation on the housing market next year, and more.

United Wholesale Mortgage is the #1 direct and wholesale Mortgage Lender in the USA with a dominant market share. The company has shown impressive growth in market share, maintained control over its headcount, and increased profit margins. Numerous economic risks and a dividend dilemma are driving me to hold this stock, for now.

UWM Holdings Corporation (UWMC) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.10 per share a year ago.