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

Happen

26/04/2023 22:03

* LendingClub Corp  LC.N  reported quarterly adjusted
earnings of
13 cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 11 cents per share.
    * Revenue fell 18.5% to $245.69 million from a year ago;
analysts
expected $238.36 million. 
    * LendingClub Corp's reported EPS for the quarter was 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 57.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * LendingClub Corp shares had fallen by 0.7% this
quarter and
lost 18.6% so far this year.
    * The company reported quarterly net income of $13.67
million.
    * Wall Street's median 12-month price target for LendingClub
Corp
is $10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.11           0.13           Beat
 Dec. 31 2022      0.20           0.19           Missed
 Sep. 30 2022      0.33           0.36           Beat
 Jun. 30 2022      0.40           0.45           Beat