LendingClub Corporation (NYSE:LC) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, LC to report 3Q20 loss of $ 0.45 per share.
For the full year, analysts anticipate top line of $ 297.60 million, while looking forward to loss of $ 1.83 per share bottom line.
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 unfold loss for the second quarter of $ 0.60 per share, from the revenue of $ 43.87 million. The quarterly revenues decreased 77.27 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.51 per share from $ 58.22 million in revenue. The bottom line results missed street analysts by $ 0.09 or 17.65 percent, at the same time, top line results fell short of analysts by $ 14.35 million or 24.65 percent.
Stock Performance
Shares of LendingClub Corporation traded up $ 0.40 or 8.06 percent on Tuesday, reaching $ 5.36 with volume of 1.46 million shares. LendingClub Corporation has traded high as $ 5.42 and has cracked $ 5.00 on the downward trend
According to the previous trading day, closing price of $ 5.36, representing a 14.81 % increase from the 52 week low of $ 4.32 and a 67.56 % decrease over the 52 week high of $ 15.29.
The company has a market capital of $ 383.32 million and is part of the Financial Services sector and Credit Services industry.
Conference Call
LendingClub Corporation will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 3Q20 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.
