LendingClub Q3 Adj EPS $0.05 Beats $0.03 Estimate, Sales $200.85M Beat $197.29M Estimate
Portfolio Pulse from totan@benzinga.com
LendingClub (NYSE:LC) reported Q3 earnings of $0.05 per share, beating the analyst consensus estimate of $0.03 by 66.67%. However, this is a 86.11% decrease from the same period last year. The company also reported quarterly sales of $200.85 million, beating the estimate of $197.29 million by 1.80%, but this is a 34.13% decrease from the same period last year.
October 25, 2023 | 9:03 pm
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NEUTRAL IMPACT
LendingClub's Q3 earnings and sales exceeded estimates, but both showed significant decreases compared to the same period last year. This mixed result could lead to uncertain market reactions.
While LendingClub beat Q3 estimates, the significant year-over-year decreases in both earnings and sales could be a cause for concern among investors. This could lead to uncertainty in the market, making it difficult to predict the short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100