LendingClub Corp reports results for the quarter ended in January 1 - Earnings Summary

Happen

24/10/2024 04:21

* LendingClub Corp  LC.N  reported quarterly adjusted
earnings of
13 cents​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 4 cents to 10 cents per share.
    * Revenue rose 50.4% to $302.02 million from a year ago;
analysts
expected $190.46 million. 
    * LendingClub Corp's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $14.46
million.
    * LendingClub Corp shares had risen by 8.5% this quarter and
gained 41.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 30.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for LendingClub Corp
is $15.00 
This summary was machine generated from LSEG data October 24 at
03:21 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.07           0.13           Beat
 Jun. 30 2024      0.04           0.13           Beat
 Mar. 31 2024      0.03           0.11           Beat
 Dec. 31 2023      0.01           0.09           Beat