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.
Countdown to Live Oak Bancshares (LOB) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
In its upcoming report, Live Oak Bancshares (LOB - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.56 per share, reflecting an increase of 154.6% compared to the same period last year. Revenues are forecasted to be $148.65 million, representing a year-over-year increase of 16.1%.
The consensus EPS estimate for the quarter has been revised 6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Live Oak Bancshares metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net Interest Margin' at 3.3%. Compared to the current estimate, the company reported 3.2% in the same quarter of the previous year.
It is projected by analysts that the 'Average Balance - Total interest-earning assets' will reach $14.03 billion. Compared to the current estimate, the company reported $12.31 billion in the same quarter of the previous year.
The consensus estimate for 'Efficiency Ratio' stands at 66.6%. Compared to the present estimate, the company reported 63.5% in the same quarter last year.
Based on the collective assessment of analysts, 'Total noninterest income' should arrive at $30.69 million. Compared to the current estimate, the company reported $30.59 million in the same quarter of the previous year.
Analysts forecast 'Net Interest Income' to reach $116.39 million. The estimate is in contrast to the year-ago figure of $97.47 million.
Shares of Live Oak Bancshares have experienced a change of +0.2% in the past month compared to the +1.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), LOB is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Countdown to Live Oak Bancshares (LOB) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
In its upcoming report, Live Oak Bancshares (LOB - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.56 per share, reflecting an increase of 154.6% compared to the same period last year. Revenues are forecasted to be $148.65 million, representing a year-over-year increase of 16.1%.
The consensus EPS estimate for the quarter has been revised 6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Live Oak Bancshares metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net Interest Margin' at 3.3%. Compared to the current estimate, the company reported 3.2% in the same quarter of the previous year.
It is projected by analysts that the 'Average Balance - Total interest-earning assets' will reach $14.03 billion. Compared to the current estimate, the company reported $12.31 billion in the same quarter of the previous year.
The consensus estimate for 'Efficiency Ratio' stands at 66.6%. Compared to the present estimate, the company reported 63.5% in the same quarter last year.
Based on the collective assessment of analysts, 'Total noninterest income' should arrive at $30.69 million. Compared to the current estimate, the company reported $30.59 million in the same quarter of the previous year.
Analysts forecast 'Net Interest Income' to reach $116.39 million. The estimate is in contrast to the year-ago figure of $97.47 million.
View all Key Company Metrics for Live Oak Bancshares here>>>Shares of Live Oak Bancshares have experienced a change of +0.2% in the past month compared to the +1.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), LOB is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .