Open Lending Sees Q3 Revenue $28M-$31M vs $32.24M Est.; Sees Q3 Adjusted EBITDA $11M-$14M
Portfolio Pulse from Benzinga Newsdesk
Open Lending has provided its Q3 revenue guidance, expecting between $28M and $31M, which is below the estimated $32.24M. The company also forecasts Q3 adjusted EBITDA to be in the range of $11M to $14M.
August 08, 2024 | 8:28 pm
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NEGATIVE IMPACT
Open Lending's Q3 revenue guidance of $28M-$31M falls short of the $32.24M estimate, and its adjusted EBITDA is expected to be $11M-$14M.
The lower-than-expected revenue guidance is likely to negatively impact investor sentiment and the stock price in the short term. The adjusted EBITDA range also indicates potential challenges in profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100