Open Lending (NASDAQ:LPRO) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Open Lending beat estimated earnings by 66.67%, reporting an EPS of $0.1 versus an estimate of $0.06.
Revenue was down $11.71 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.13 which was followed by a 23.24% drop in the share price the next day.
Here’s a look at Open Lending’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.10 | 0.15 | 0.17 | 0.17 |
| EPS Actual | -0.03 | 0.19 | 0.18 | 0.18 |
| Revenue Estimate | 34.51M | 44.72M | 48.62M | 45.75M |
| Revenue Actual | 26.82M | 50.66M | 52.04M | 50.07M |
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.
