Live Oak Bancshares Q3 2024 GAAP EPS $0.28 Misses $0.57 Estimate, Sales $129.932M Beat $123.625M Estimate
Portfolio Pulse from Benzinga Newsdesk
Live Oak Bancshares reported Q3 2024 earnings per share of $0.28, missing the consensus estimate of $0.57, a significant decrease from $0.88 last year. However, sales of $129.932 million exceeded expectations of $123.625 million, showing a slight increase from last year's $127.301 million.
October 23, 2024 | 8:39 pm
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NEGATIVE IMPACT
Live Oak Bancshares' Q3 2024 earnings per share fell short of expectations at $0.28, a significant drop from last year's $0.88, while sales exceeded estimates at $129.932 million.
The significant miss on EPS compared to expectations and the previous year's performance is likely to negatively impact the stock price in the short term. However, the sales beat provides a slight positive offset.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100