Earnings Outlook For Live Oak Bancshares
Portfolio Pulse from Benzinga Insights
Live Oak Bancshares (NYSE:LOB) is set to release its latest quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $0.48. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. However, the stock has seen a general decline over the last 52-week period, with shares down 8.42%.
October 24, 2023 | 8:01 pm
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Live Oak Bancshares is expected to report an EPS of $0.48 for Q3 2023. The company has a history of beating EPS estimates, which could potentially lead to a short-term increase in share price. However, the stock has been on a downward trend over the past year.
The company's past performance of beating EPS estimates could potentially lead to a short-term increase in share price following the earnings announcement. However, the overall downward trend of the stock over the past year may dampen investor enthusiasm.
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