Walker & Dunlop (WD) Tops Q2 EPS by 2c, Slight Miss on Revenues

Walker & Dunlop (NYSE: WD) reported Q2 EPS of $1.08, $0.02 better than the analyst estimate of $1.06. Revenue for the quarter came in at $166.4 million versus the consensus estimate of $167.5 million.

SECOND QUARTER 2017 HIGHLIGHTS

• Total revenues of $166.4 million, up 13% from Q2 '16
• Net income of $34.6 million, or $1.08 per diluted share, up 8% from Q2 \16
• Adjusted EBITDA1 of $51.0 million, up 88% from Q2 '16
• Total transaction volume of $6.0 billion, up 12% from Q2 '16
• Servicing portfolio of $66.3 billion at June 30, 2017, up 16% from June 30, 2016
• Net MSR additions from loan originations during the quarter of $10.6 million compared to $1.7 million for Q2 '16

YEAR-TO-DATE 2017 HIGHLIGHTS

• Total revenues of $324.9 million, up 34% from 2016
• Net income of $77.8 million, or $2.43 per diluted share, up 64% from 2016
• Adjusted EBITDA of $101.3 million, up 70% from 2016
• Total transaction volume of $11.0 billion, up 38% from 2016
• Operating margin of 35% compared to 31% in 2016
• Return on equity of 24% compared to 19% in 2016

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

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