Recap: Open Lending Q4 Earnings
Portfolio Pulse from Benzinga Insights
Open Lending (NASDAQ:LPRO) reported Q4 earnings with an EPS of $-0.04, missing estimates by -200% and showing a revenue decline of $11.88M from the previous year. This follows a pattern of missed EPS estimates in previous quarters, notably leading to a 10% share price drop after last quarter's earnings miss.
February 27, 2024 | 9:45 pm
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Open Lending reported disappointing Q4 earnings, missing EPS estimates significantly and showing a notable revenue decline from the previous year.
Open Lending's significant miss on EPS estimates and the year-over-year revenue decline are likely to negatively impact investor sentiment and stock price in the short term. Historical data shows a 10% drop in share price following last quarter's earnings miss, suggesting a pattern that could repeat.
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