Open Lending (LPRO) Scheduled to Post Earnings on Thursday

Open Lending (NASDAQ:LPRO) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Open Lending has set its Q3 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Open Lending (NASDAQ:LPRO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). Open Lending had a return on equity of 2.90% and a net margin of 6.25%. The firm had revenue of $26.73 million during the quarter, compared to analysts’ expectations of $31.03 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Open Lending’s revenue was down 29.9% on a year-over-year basis. On average, analysts expect Open Lending to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Open Lending Price Performance

Shares of NASDAQ LPRO opened at $6.36 on Wednesday. Open Lending has a twelve month low of $4.57 and a twelve month high of $8.70. The firm has a market cap of $758.43 million, a P/E ratio of 159.04 and a beta of 1.13. The company has a 50 day moving average of $5.74 and a 200 day moving average of $5.79. The company has a quick ratio of 13.32, a current ratio of 13.32 and a debt-to-equity ratio of 0.63.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LPRO shares. Needham & Company LLC restated a “hold” rating on shares of Open Lending in a report on Wednesday, October 2nd. JMP Securities cut their target price on shares of Open Lending from $8.00 to $7.00 and set a “market outperform” rating for the company in a research report on Friday, August 9th. DA Davidson cut their target price on shares of Open Lending from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Morgan Stanley cut their target price on shares of Open Lending from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.56.

About Open Lending

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.