Categories Analysis, Earnings, Finance

Earnings preview: What to expect from LendingClub Q4 earnings?

Online lender LendingClub Corporation (LC) is slated to report its fourth quarter and full-year 2018 earnings results on Tuesday, February 19, after market hours. On average, analysts expect LendingClub to earn 2 cents per share on revenue of $181.9 million for the recently concluded quarter. These estimates represent a 100% jump in earnings and a 16% increase in revenue compared to the fourth quarter of 2017. Shares of LendingClub ended Friday’s regular trading session at $3.56, up 1.14%.

For the third quarter ended September 30, 2018, the online lending platform which connects borrowers and investors, reported earnings of 3 cents per share on revenue of $184.6 million representing a flat earnings and 20% revenue growth from the third quarter of 2017. Loan originations improved 18% year-over-year to $2.9 billion. On a GAAP basis, loss widened to 5 cents per share from 2 cents per share in the prior-year quarter.

Related: LendingClub Q3 2018 earnings conference call transcript

For 2018, the San Francisco-based fintech firm had guided revenue to be in the range of $688 million to $698 million and GAAP loss to be in the range of $129 million to $124 million.

Investors will be looking at how the company had handled and settled several key matters arising from outstanding legacy issues disclosed by the company in May 2016, including investigations by the Department of Justice and the Securities and Exchange Commission as well as class action and individual lawsuits. LendingClub announced that it had continued constructive engagement with the Federal Trade Commission regarding ongoing litigation.

LendingClub’s peer OnDeck Capital (ONDK) reported its quarterly results on February 12. OnDeck’s earnings beat estimates aided by the growth in the loan originations, sending shares in the upward direction.

LC stock had lost 9% in the past 52-weeks and gained 36% since the beginning of 2019. The stock has a 52-week low of $2.46 and a 52-week high of $4.55.


Follow our Google News edition to get the latest stock market, earnings, and financial news at your fingertips

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Viewing Highlight