We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
LendingClub (LC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
LendingClub (LC - Free Report) reported $201.88 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.5%. EPS of $0.13 for the same period compares to $0.05 a year ago.
The reported revenue represents a surprise of +6.18% over the Zacks Consensus Estimate of $190.14 million. With the consensus EPS estimate being $0.07, the EPS surprise was +85.71%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how LendingClub performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 5.6% compared to the 5.7% average estimate based on three analysts.
Average Balance - Total interest-earning assets: $9.96 billion versus $9.15 billion estimated by three analysts on average.
Net Charge-off Ratio: 5.4% compared to the 5.8% average estimate based on three analysts.
Efficiency Ratio: 67.5% versus 74.7% estimated by three analysts on average.
Common equity tier 1 capital Ratio: 15.9% versus the two-analyst average estimate of 17.6%.
Total Non-interest income: $61.64 million compared to the $59.95 million average estimate based on six analysts.
Net Interest Income: $140.24 million versus $129.75 million estimated by five analysts on average.
Non-Interest Income- Other non-interest income: $3.26 million compared to the $2.23 million average estimate based on five analysts.
Non-Interest Income- Marketplace revenue: $58.38 million versus $57.28 million estimated by five analysts on average.
Total Interest Income: $240.38 million compared to the $221.93 million average estimate based on five analysts.
Shares of LendingClub have returned +13.9% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
LendingClub (LC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
LendingClub (LC - Free Report) reported $201.88 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.5%. EPS of $0.13 for the same period compares to $0.05 a year ago.
The reported revenue represents a surprise of +6.18% over the Zacks Consensus Estimate of $190.14 million. With the consensus EPS estimate being $0.07, the EPS surprise was +85.71%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how LendingClub performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 5.6% compared to the 5.7% average estimate based on three analysts.
- Average Balance - Total interest-earning assets: $9.96 billion versus $9.15 billion estimated by three analysts on average.
- Net Charge-off Ratio: 5.4% compared to the 5.8% average estimate based on three analysts.
- Efficiency Ratio: 67.5% versus 74.7% estimated by three analysts on average.
- Common equity tier 1 capital Ratio: 15.9% versus the two-analyst average estimate of 17.6%.
- Total Non-interest income: $61.64 million compared to the $59.95 million average estimate based on six analysts.
- Net Interest Income: $140.24 million versus $129.75 million estimated by five analysts on average.
- Non-Interest Income- Other non-interest income: $3.26 million compared to the $2.23 million average estimate based on five analysts.
- Non-Interest Income- Marketplace revenue: $58.38 million versus $57.28 million estimated by five analysts on average.
- Total Interest Income: $240.38 million compared to the $221.93 million average estimate based on five analysts.
View all Key Company Metrics for LendingClub here>>>Shares of LendingClub have returned +13.9% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.