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

Happen

26/07/2023 22:53

* LendingClub Corp  LC.N  reported quarterly adjusted
earnings of
9 cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
4 cents per share.
    * Revenue fell 29.6% to $232.47 million from a year ago;
analysts
expected $227.37 million. 
    * LendingClub Corp's reported EPS for the quarter was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 40.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * LendingClub Corp shares had risen by 3.8% this quarter and
gained 15.0% so far this year.
    * The company reported quarterly net income of $10.11
million.
    * Wall Street's median 12-month price target for LendingClub
Corp
is $11.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.04           0.09           Beat
 Mar. 31 2023      0.10           0.13           Beat
 Dec. 31 2022      0.20           0.19           Missed
 Sep. 30 2022      0.33           0.36           Beat