Open Lending (NASDAQ: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.
