Open Lending Q2 2024 GAAP EPS $0.02 Misses $0.05 Estimate, Sales $26.700M Miss $31.033M Estimate
Portfolio Pulse from Benzinga Newsdesk
Open Lending (NASDAQ:LPRO) reported Q2 2024 earnings of $0.02 per share, missing the analyst estimate of $0.05 by 60%. Sales were $26.7M, missing the $31.033M estimate by 13.96% and down 30.02% from last year's $38.154M.
August 08, 2024 | 8:26 pm
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Open Lending (NASDAQ:LPRO) reported Q2 2024 earnings of $0.02 per share, missing the analyst estimate of $0.05 by 60%. Sales were $26.7M, missing the $31.033M estimate by 13.96% and down 30.02% from last year's $38.154M.
The significant miss on both EPS and sales estimates, along with a substantial year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100