LendingClub: Focus On Originations Growth [Seeking Alpha]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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US:NYSE Investor Relations:
ir.lendingclub.com
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Source: Seeking Alpha
Summary Over the past several quarters, online P2P lending marketplace LendingClub ( LC ) has vacillated wildly between gains and losses after reporting quarterly earnings. Most of the time, the stock movement is an overreaction - last time, LendingClub shares rocketed up 20% due to an EPS beat and a smaller loss than expected, despite misses to top-line expectations. This quarter, the story was the reverse. The company handily beat analysts' top-line expectations and showed a solid return to mid-20s growth in originations. Recall that because LendingClub derives the majority of its revenues from both origination fees and loan servicing fees, originations growth is one of the key drivers of its business. But this quarter, the company also took down its FY18 profit guidance due to an $18 million legacy issue and a $36 million goodwill impairment. The resulting new guidance range of -$124 to -$109 million, significantly below a prior guidance range of -$70 to -$55 million, cause
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News
- Peer-to-Peer Lending Market Surges to US$ 1709.6 Billion by 2034, Driven by Growing Demand and Reduced Operating Costs | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- 4 Warning Signs You're Not Prepared for Unexpected Medical Expenses [Yahoo! Finance]Yahoo! Finance
- This couple makes $139K/year yet they're drowning in debt and can barely make ends meet. Ramit Sethi weighs in [Yahoo! Finance]Yahoo! Finance
- LendingClub Schedules First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- LendingClub Schedules First Quarter 2024 Earnings Release and Conference CallPR Newswire
LC
Earnings
- 1/30/24 - Beat
LC
Sec Filings
- 4/11/24 - Form PRE
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- LC's page on the SEC website