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

Live Oak Bancshares

25/07/2024 01:19

* Live Oak Bancshares Inc  LOB.N  reported quarterly
adjusted
earnings of 59 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 39 cents.  The mean expectation of five analysts
for the quarter was for earnings of 46 cents per share. Wall
Street expected results to range from 41 cents to 51 cents per
share.
    * Revenue rose 114.5% to $232.61 million from a year ago;
analysts
expected $120.12 million. 
    * Live Oak Bancshares Inc's reported EPS for the quarter was
59
cents​.
    * The company reported quarterly net income of $26.96
million.
    * Live Oak Bancshares Inc shares had risen by 23.9% this
quarter and lost 4.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.7%
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 2 "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 $38.00 
This summary was machine generated from LSEG data July 25 at
12:19 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
 Jun. 30 2024      0.46           0.59           Beat
 Mar. 31 2024      0.47           0.36           Missed
 Dec. 31 2023      0.44           0.36           Missed
 Sep. 30 2023      0.48           0.88           Beat