LendingClub First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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US:NYSE Investor Relations:
ir.lendingclub.com
Company Research
Source: Yahoo! Finance
Net income: US$12.3m (down 10% from 1Q 2023). Profit margin: 4.6% (up from 4.5% in 1Q 2023). The increase in margin was driven by lower expenses. EPS: US$0.11 (down from US$0.13 in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period LendingClub Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates. Looking ahead, revenue is expected to decline by 8.3% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in the US are expected to grow by 12%. Performance of the American Consumer Finance industry. The company's shares are up 16% from a week ago. Risk Analysis We don't want to rain on the parade too much, but we did also find 2 warning signs for LendingClub that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editori
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LC
Earnings
- 4/30/24 - Beat
LC
Sec Filings
- 5/10/24 - Form 4
- 5/2/24 - Form DEFA14A
- 5/1/24 - Form 10-Q
- LC's page on the SEC website