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

Live Oak Bancshares

25/01/2024 08:52

* Live Oak Bancshares Inc  LOB.N  reported quarterly
adjusted
earnings of 36 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 4 cents.  The mean expectation of
five analysts for the quarter was for earnings of 44 cents per
share. Wall Street expected results to range from 26 cents to 68
cents per share.
    * Revenue rose 14% to $119.68 million from a year ago;
analysts
expected $116.63 million. 
    * Live Oak Bancshares Inc's reported EPS for the quarter was
36
cents​.
    * The company reported quarterly net income of $16.16
million.
    * Live Oak Bancshares Inc shares had fallen by 6.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Live Oak
Bancshares Inc is $43.00 

This summary was machine generated from LSEG data January 25 at
08:51 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
 Dec. 31 2023      0.44           0.36           Missed
 Sep. 30 2023      0.48           0.88           Beat
 Jun. 30 2023      0.31           0.39           Beat
 Mar. 31 2023      0.34           0.01           Missed