Live Oak Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

Live Oak Bancshares

22/01/2025 22:56

* Live Oak Bancshares Inc  LOB.N  reported quarterly
adjusted
earnings of 22 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 36 cents.  The mean expectation of
three analysts for the quarter was for earnings of 54 cents per
share. Wall Street expected results to range from 49 cents to 60
cents per share.
    * Revenue rose 7% to $128.07 million from a year ago;
analysts
expected $123.50 million. 
    * Live Oak Bancshares Inc's reported EPS for the quarter was
22
cents​.
    * The company reported quarterly net income of $9.9 million.
    * Live Oak Bancshares Inc shares had risen by 4.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Live Oak
Bancshares Inc is $47.00 
This summary was machine generated from LSEG data January 22 at
10:56 p.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
 Dec. 31 2024      0.54           0.22           Missed
 Sep. 30 2024      0.55           0.28           Missed
 Jun. 30 2024      0.46           0.59           Beat
 Mar. 31 2024      0.47           0.36           Missed