Open Lending Sees Q4 Revenue $25M-$29M Vs $36.02M Est.
Portfolio Pulse from Benzinga Newsdesk
Open Lending has issued its Q4 2023 outlook, expecting revenues to be between $25M-$29M, which is lower than the estimated $36.02M. The company also anticipates total certified loans to be between 22,000 - 26,000 and adjusted EBITDA to be between $11M-$14M.
November 08, 2023 | 12:51 am
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Open Lending's lower than expected revenue forecast for Q4 2023 may negatively impact its stock price in the short term.
Open Lending's projected revenues for Q4 2023 are significantly lower than estimates. This could lead to a negative market reaction, potentially driving down the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100