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Wednesday, October 27, 2021

Lending Club (LC) reported earnings on Wed 27 Oct 21 (a/h)

** before earnings **
 

 
 ** chart after earnings **
 
 

LendingClub (LC) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 581.82%. A quarter ago, it was expected that this company that connects borrowers and lenders online would post a loss of $0.41 per share when it actually produced earnings of $0.09, delivering a surprise of 121.95%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

LendingClub, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $246.17 million for the quarter ended September 2021, surpassing the Zacks Consensus Estimate by 11.79%. This compares to year-ago revenues of $74.71 million. The company has topped consensus revenue estimates three times over the last four quarters.

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