Earnings Outlook For LendingClub
Portfolio Pulse from Benzinga Insights
LendingClub (NYSE:LC) is set to release its quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $0.03. The company's past performance shows a pattern of share price drops following earnings reports, even when beating estimates. The stock is currently trading at $5.32, down 55.04% over the last 52 weeks.
October 24, 2023 | 6:02 pm
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LendingClub's upcoming earnings report could potentially impact its stock price. Despite beating EPS estimates in the past, the company's share price has typically dropped post-earnings.
LendingClub's stock price has historically dropped following earnings reports, even when the company has beaten EPS estimates. This pattern, combined with the stock's overall negative returns over the past year, suggests that the upcoming earnings report could potentially have a negative impact on the stock price.
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