Open Lending Q4 2023 GAAP EPS $(0.04) Misses $0.04 Estimate, Sales $14.94M Miss $27.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Open Lending (NASDAQ:LPRO) reported Q4 2023 GAAP EPS of $(0.04), missing the $0.04 estimate, with sales of $14.94M also missing the $27.55M estimate. This represents a 44.30% decrease in sales compared to the same period last year.
February 27, 2024 | 9:45 pm
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NEGATIVE IMPACT
Open Lending reported a significant miss in both EPS and sales for Q4 2023, with a 44.30% decrease in sales year-over-year.
The significant miss in both EPS and sales estimates, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of Open Lending in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100