Walker & Dunlop Missed Earnings in Q1: Here's Why You Should Buy the Dip
Walker & Dunlop (NYSE: WD) had a pretty lackluster first quarter. The multifamily mortgage finance company missed analysts' consensus estimates on both the top and bottom lines, and investors responded by sending its stock down 11% on May 6, the day of the report. As of Wednesday's close, the stock is still down 14% from its pre-earnings price.
However, during the company's Q1 earnings call, management pointed to a number of positives that investors should be paying attention to, including a deal that could be a key driver of Walker & Dunlop's growth in years to come.
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Source Fool.com
