Live Oak Bancshares's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Live Oak Bancshares (NYSE:LOB) is expected to release its quarterly earnings report on January 24, 2024, with an estimated EPS of $0.44. Investors are looking for an earnings beat and positive guidance for future growth. Historically, LOB has seen share price increases following earnings beats, with a 7.22% rise after last quarter's results. Shares are currently trading at $42.65, up 39.19% over the last 52 weeks, indicating a positive trend for long-term shareholders.
January 23, 2024 | 6:01 pm
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Live Oak Bancshares is anticipated to report quarterly earnings with investors expecting an EPS beat and positive future guidance. The stock has historically reacted positively to earnings beats, with a significant 7.22% increase after last quarter's results.
Given the historical data showing positive stock price reactions to earnings beats, and the current positive trend in the stock's 52-week performance, there is a high likelihood of a short-term positive impact on LOB's stock price if the company reports an earnings beat and provides favorable guidance.
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