LendingClub Q2 Adj EPS $0.09 Beats $0.04 Estimate, Sales $232.47M Beat $227.26M Estimate
Portfolio Pulse from saritha@benzinga.com
LendingClub reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $0.04 by 125%. However, this is an 80% decrease from the same period last year. The company also reported quarterly sales of $232.47 million, beating the estimate of $227.26 million by 2.29%, but this is a 29.57% decrease from the same period last year.
July 26, 2023 | 8:13 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
LendingClub's Q2 earnings and sales beat estimates but are significantly down compared to the same period last year.
While LendingClub beat earnings and sales estimates, the significant YoY decrease could be a concern for investors, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100