Walker & Dunlop (WD) Tops Q4 EPS by 24c, Beats on Revenues

Walker & Dunlop (NYSE: WD) reported Q4 EPS of $1.26, $0.24 better than the analyst estimate of $1.02. Revenue for the quarter came in at $207.2 million versus the consensus estimate of $181.15 million.

FOURTH QUARTER 2017 HIGHLIGHTS

• Total transaction volume of $8.3 billion, up 33% from Q4 '16
• Record total revenues of $207.2 million, up 16% from Q4 '16
• Record net income of $99.0 million, or $3.06 per diluted share, up 169% from Q4 \'16
  • Net income benefitted from a $58.3 million, or $1.80 per diluted share, reduction to income tax expense from tax reform legislation
  • Without the benefit from tax reform legislation, net income was $40.7 million, or $1.26 per diluted share, up 11% from Q4 '16
• Record adjusted EBITDA1 of $54.7 million, up 58% from Q4 '16

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

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