LendingClub (LC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
LCLendingClub(LC) Zacks Investment Research·2024-05-01 08:06

For the quarter ended March 2024, LendingClub (LC) reported revenue of 180.69million,down26.5180.69 million, down 26.5% over the same period last year. EPS came in at 0.11, compared to 0.13intheyear−agoquarter.Thereportedrevenuerepresentsasurpriseof+3.540.13 in the year-ago quarter. The reported revenue represents a surprise of +3.54% over the Zacks Consensus Estimate of 174.52 million. With the consensus EPS estimate being $0.03, the EPS surprise was +266.67%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...