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

Live Oak Bancshares

25/10/2023 23:41

* Live Oak Bancshares Inc  LOB.N  reported quarterly
adjusted
earnings of 88 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 48 cents per share.
    * Revenue fell 10.1% to $127.30 million from a year ago;
analysts
expected $112.88 million. 
    * Live Oak Bancshares Inc's reported EPS for the quarter was
88
cents​.
    * The mean earnings estimate of analysts had risen by
about 10.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Live Oak Bancshares Inc shares had fallen by 6.6% this
quarter and lost 10.5% so far this year.
    * The company reported quarterly net income of $39.79
million.
    * Wall Street's median 12-month price target for Live Oak
Bancshares Inc is $35.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 10:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.43           0.04           Missed