LendingClub Corporation (NYSE:LC) is reporting second quarter earnings results on Tuesday 4th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.51 per share.
For the full year, analysts predict revenues of $ 335.33 million, while looking forward to loss of $ 1.42 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 790.00 million ~ $ 820.00 million
Click Here For More Historical Outlooks Of LendingClub Corporation
Previous Quarter Performance
LendingClub Corporation revealed loss for the first quarter of $ 0.44 per share, from the revenue of $ 120.21 million. The quarterly earnings while revenues down 31.08 percent compared with the same quarter last year.
According to street consensus, LC was expected to report 1Q20 loss of $ 0.07 per share from revenue of $ 174.62 million. The bottom line results missed street analysts by $ 0 or , at the same time, top line results fell short of analysts by $ 54.41 million or 31.16 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LC was $ 5.23, representing a 21.06 % increase from the 52 week low of $ 4.32 and a 66.47 % decrease over the 52 week high of $ 15.60.
The company has a market capital of $ 365.42 million and is part of the Financial Services sector and Credit Services industry.
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Recent Analyst recommendations
- On 10th July 2020, downgraded by Oppenheimer to Perform from Outperform rating.
Conference Call
LendingClub Corporation will be hosting a conference call at 5:00 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lendingclub.com
LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The companys marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans. It also enables investors to invest in a range of loans based on term and credit.
