Recap: Live Oak Bancshares Q4 Earnings
Portfolio Pulse from Benzinga Insights
Live Oak Bancshares (NYSE:LOB) reported Q4 earnings with an EPS of $0.36, missing estimates by 18.18% compared to the expected $0.44. However, revenue increased by $14.71 million from the same period last year. In the previous quarter, the company exceeded EPS estimates which led to a 7.22% rise in share price the following day. The company's past earnings performance shows mixed results with both beats and misses in EPS compared to estimates.
January 24, 2024 | 9:45 pm
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Live Oak Bancshares reported lower than expected Q4 earnings with an EPS of $0.36, missing the estimate by 18.18%, but showed an increase in revenue compared to last year.
The miss in earnings per share (EPS) is likely to negatively impact investor sentiment in the short term, as it suggests that the company's profitability is not meeting market expectations. Historically, the stock price increased following an earnings beat last quarter, which may indicate sensitivity to earnings reports. However, the increase in revenue could mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100