LendingClub Corp expected to post earnings of 1 cent a share - Earnings Preview

Happen

26/01/2024 21:44

* LendingClub Corp  LC.N   LC  is expected to show a fall in
quarterly revenue when it reports  results on January 30 for the
period ending December 31 2023
    * The San Francisco California-based  company is expected to
report a 30.6% decrease in revenue to $182.363 million from
$262.71 million a year ago, according to the mean estimate from
10 analysts, based on LSEG data. (Sales/Revenue Majority Basis
is on Total/ Net Revenue)
    * ​LSEG's mean analyst estimate for LendingClub Corp is for
earnings of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for LendingClub
Corp
is $9.75​, above​ its last closing price of $8.82. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.03        0.04       0.05      Beat    35.5
 Jun. 30 2023  0.05        0.04       0.09      Beat    113.2
 Mar. 31 2023  0.11        0.10       0.13      Beat    33.5​
 Dec. 31 2022  0.22        0.20       0.19      Missed  -6.2
 ​​Sep.        0.32        0.33       0.36      Beat    10.4
 30 2022                                                
 Jun. 30 2022  0.40        0.40       0.45      Beat    12.5​
 Mar. 31 2022  0.25        0.24       0.39      Beat    60.6
 Dec. 31 2021  0.22        0.22       0.27      Beat    22
 This summary was machine generated January 26 at 21:44 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)