LendingClub Corp expected to post earnings of 4 cents a share - Earnings Preview

Happen

27/07/2024 24:19

* LendingClub Corp  LC.N   LC  is expected to show a fall in
quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The San Francisco California-based  company is expected to
report a 23.8% decrease in revenue to $177.078 million from
$232.47 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 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"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 $10.88​, above​ its last closing price of $10.85. ​​​

The company's guidance on April 30 2024 for the period ended
June 30 was for Earnings before Interest and Taxes between USD30
million and USD40 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.04        0.03       0.11      Beat    244.9
 Dec. 31 2024  0.01        0.01       0.09      Beat    508.1
 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.        0.11        0.10       0.13      Beat    33.5
 31 2023                                                
 Dec. 31 2022  0.22        0.20       0.19      Missed  -6.2​
 Sep. 30 2022  0.32        0.33       0.36      Beat    10.4
 Jun. 30 2022  0.40        0.40       0.45      Beat    12.5
 This summary was machine generated July 26 at 23:19 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)