LendingClub LC announces its next round of earnings this Tuesday, November 5. Here's Benzinga's look at LendingClub's Q3 earnings report.
Earnings and Revenue
Based on management's projections, LendingClub analysts model for earnings of 2 cents per share on sales of $486.82 million.
If the company were to post earnings inline with the consensus estimate when it reports Tuesday, EPS would be down 33.33%. Revenue would be have grown 163.65% from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | -0.080 | -0.030 | 0.02 | 0.02 |
| EPS Actual | -0.010 | -0.030 | -0.01 | 0.03 |
Stock Performance
Over the last 52-week period, shares are up 292.4%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on LendingClub stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
LendingClub is scheduled to hold a conference call at 5:00 p.m. ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/lc/mediaframe/32861/indexr.html
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