Live Oak Bancshares Inc LOB.N reported quarterly adjusted earnings of 51 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of three analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 46 cents to 60 cents per share.
Revenue rose 14.6% to $143.75 million from a year ago; analysts expected $129.43 million.
Live Oak Bancshares Inc's reported EPS for the quarter was 51 cents.
The company reported quarterly net income of $23.43 million.
Live Oak Bancshares Inc shares had risen by 7.4% this quarter and lost 19.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.1% 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 no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Live Oak Bancshares Inc is $32.50, about 0.5% above its last closing price of $32.35
This summary was machine generated from LSEG data July 23 at 09:48 p.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)