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

Live Oak Bancshares

26/10/2022 22:56

* Live Oak Bancshares Inc  LOB.OQ  reported quarterly
adjusted
earnings of 96 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 71 cents per share.
    * Revenue rose 37.5% to $141.61 million from a year ago;
analysts
expected $108.51 million. 
    * Live Oak Bancshares Inc's reported EPS for the quarter was
96
cents​.
    * The mean earnings estimate of analysts had risen by
about 31.4%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Live Oak Bancshares Inc shares had fallen by 2.7% this
quarter and lost 65.9% so far this year.
    * The company reported quarterly net income of $42.87
million.
    * Wall Street's median 12-month price target for Live Oak
Bancshares Inc is $36.50 
    * 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 Refinitiv data October
26 at 09:56 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.71           0.96           Beat
 Jun. 30 2022      0.45           0.03           Missed
 Mar. 31 2022      0.70           0.76           Beat
 Dec. 31 2021      0.70           0.66           Missed