Walker & Dunlop (WD) Tops Q1 Views

Walker & Dunlop (NYSE: WD) reported Q1 EPS of $1.35, which may note compare to the analyst estimate of $0.73. Revenue for the quarter came in at $158.5 million versus the consensus estimate of $135.25 million.

"2017 is off to an extremely strong start for Walker & Dunlop," commented Chairman and CEO Willy Walker. "We recruited and acquired many talented mortgage bankers and brokers over the past year, which helped produce record first quarter 2017 transaction volume, revenues, adjusted EBITDA, and earnings." Walker continued, "Net income grew a staggering 180% to $43.2 million, while adjusted EBITDA grew 55% to $50 million. Operating margin far surpassed our target, and at 35%, demonstrates the financial results that can be achieved by maintaining cost discipline during a time of rapid growth. Our team continues to perform at a high level with a tremendous sense of teamwork. Our clients continue to ask us to do more. And our outlook is very strong as the economy expands, interest rates remain relatively low, and the demand for commercial real estate -- particularly rental housing -- continues forward."

For earnings history and earnings-related data on Walker & Dunlop (WD) click here.

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