Open Lending: Q3 Earnings Insights

Open Lending LPRO reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Open Lending missed estimated earnings by 71.43%, reporting an EPS of $0.02 versus an estimate of $0.07.

Revenue was down $24.66 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 22.34% drop in the share price the next day.

Here's a look at Open Lending's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 0.09 0.06 0.10 0.15
EPS Actual 0.09 0.10 -0.03 0.19
Revenue Estimate 35.58M 32.14M 34.51M 44.72M
Revenue Actual 38.15M 38.36M 26.82M 50.66M

To track all earnings releases for Open Lending visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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