LendingClub Full Year 2023 Earnings: EPS Beats Expectations
LendingClub (NYSE:LC) Full Year 2023 Results
Key Financial Results
Revenue: US$1.14b (down 11% from FY 2022).
Net income: US$38.9m (down 87% from FY 2022).
Profit margin: 3.4% (down from 23% in FY 2022). The decrease in margin was primarily driven by higher expenses.
EPS: US$0.36 (down from US$2.80 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LendingClub EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%.
Looking ahead, revenue is expected to decline by 5.7% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in the US are expected to grow by 11%.
Performance of the American Consumer Finance industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for LendingClub that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
