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

Live Oak Bancshares

27/04/2023 24:52

* Live Oak Bancshares Inc  LOB.N  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 34 cents per share.
    * Revenue fell 6% to $101.60 million from a year ago;
analysts
expected $109.73 million. 
    * Live Oak Bancshares Inc's reported EPS for the quarter was
1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 30.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Live Oak Bancshares Inc shares had fallen by 8.5% this
quarter and lost 26.2% so far this year.
    * The company reported quarterly net income of $398
thousand.
    * Wall Street's median 12-month price target for Live Oak
Bancshares Inc is $27.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 11:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.34           0.01           Missed
 Dec. 31 2022      0.43           0.04           Missed
 Sep. 30 2022      0.71           0.96           Beat
 Jun. 30 2022      0.45           0.03           Missed