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

Live Oak Bancshares

25/07/2023 23:48

* Live Oak Bancshares Inc  LOB.N  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 31 cents per share.
    * Revenue fell 48% to $108.46 million from a year ago;
analysts
expected $104.57 million. 
    * Live Oak Bancshares Inc's reported EPS for the quarter was
39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 25.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Live Oak Bancshares Inc shares had risen by 18.8% this
quarter and gained 3.5% so far this year.
    * The company reported quarterly net income of $17.54
million.
    * Wall Street's median 12-month price target for Live Oak
Bancshares Inc is $25.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.31           0.39           Beat
 Mar. 31 2023      0.34           0.01           Missed
 Dec. 31 2022      0.43           0.04           Missed
 Sep. 30 2022      0.71           0.96           Beat