LC - LendingClub Corporation
3.0300 +0.01 (0.33%)
After hours: 4:59PM EDT
| Previous Close | 3.0400 |
| Open | 3.0500 |
| Bid | 3.0000 x 28000 |
| Ask | 3.0600 x 1000 |
| Day's Range | 2.9800 - 3.0950 |
| 52 Week Range | 2.4600 - 4.5500 |
| Volume | 1,738,457 |
| Avg. Volume | 2,238,391 |
| Market Cap | 1.298B |
| Beta (3Y Monthly) | 1.22 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.3030 |
| Earnings Date | May 6, 2019 - May 10, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 4.32 |
- InvestorPlace•yesterday
Understanding GOOGL Stock’s Tricky Earnings
Unlike most large-cap public companies, Alphabet (NASDAQ:GOOG,GOOGL), more commonly referred to as Google, doesn't report adjusted earnings. That's not necessarily a problem for Google stock -- even as it trades at a five-month high. But understanding the actual underlying business is key to understanding GOOGL stock.Source: Shutterstock Non-GAAP accounting has been the subject of debate for years. Many observers and investors argue that companies use 'adjusted' figures to hide data they won't investors to see -- or create growth that isn't really there. But Google stock shows the flipside of GAAP accounting: it's not quite as accurate, or indicative of underlying performance, as some think. Again, that doesn't mean GOOGL stock is a sell (even though I do question valuation here). But it does mean that what Google's GAAP earnings show doesn't quite match what the business is doing. Earnings and Google StockHere's the trajectory shown by Google's GAAP earnings per share figures, along with 2019 analyst estimates:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 2016: EPS of $27.85, rising 14.4% year-over-year; * 2017: EPS of $18, declining 35% year-over-year; * 2018: EPS of $43.70, increasing an astonishing 143% against 2017; * 2019 estimates: $47.05, up 7.7%.To look at those numbers would suggest a rather volatile business. But, of course, that's far from the truth. Google -- given its dominance in advertising -- is actually a quite stable business. Rather, one-time factors have been at play. * 3 Earnings Reports to Watch Next Week In 2017, for instance, the company took a one-time charge of $14.05 per share due to the accounting effects of tax reform. (Most of that came from a one-time tax on its overseas earnings.) Accounting rules changed in 2018, requiring the company to account for changes in the valuation of its equity securities. (Alphabet owns stakes in companies as diverse as Lyft, Care.com (NYSE:CRCM), Snap (NYSE:SNAP), FanDuel, and LendingClub (NYSE:LC).According to the Q4 2018 release, that accounting change added $5.70 to 2018 EPS. And with a Lyft IPO on the way, the new rules should further benefit Alphabet earnings in 2019.Removing the two major one-time effects, Alphabet's growth profile looks much different: * 2016: EPS of $27.85, rising 14.4% year-over-year; * 2017: EPS of $32.05, climbing 15% year-over-year; * 2018: EPS of $38.00, up 18.6% against 2017; * 2019 estimates: ???After all, we don't know how much benefit from the equity ownership analysts are modeling -- adding another layer of complexity to Google stock in 2019. Other Factors That Impact GOOGL StockBut there are other factors at play here that impact Alphabet earnings. What looks like an acceleration in EPS growth in 2018 -- excluding one-time factors -- actually wasn't. Operating income growth was minimal, rising less than 1% after a 10% increase in 2017. Instead, Alphabet -- backing out the one-time effect in Q4 2017 -- just benefited from a lower tax rate.From that standpoint, it looks like Alphabet earnings actually are slowing to a crawl. Operating margins are compressing, and underlying profit is barely growing. But here, too, investors have to look closer.Once again, there are one-time factors. The first is the effect of fines levied by the European Commission. Alphabet breaks out segment-level profits, and 'reconciling items' are deducted from its operating profit. Those items include corporate overhead -- and of late, those fines. The impact from reconciling items rose from $598 million in 2016 to a whopping $6.84 billion in 2018.There's another factor affecting operating earnings. Alphabet is losing more money from its "Other Bets" businesses. Operating loss there was $3.36 billion in 2018 -- against $2.73 billion the year before. That's not a surprise: the category includes startup businesses like self-driving car business Waymo and life sciences incubator Verily.If an investor just looks at operating profits in the Google segment -- which excludes Other Bets and the impact of fines -- all seems to be well. Profits rose 20% in 2016, 18% in 2017, and 13% in 2018. Growth is decelerating, admittedly, but still solid. GOOGL Bulls and BearsWhat's interesting about the different ways of looking at Alphabet earnings is that they can drive very different perceptions of GOOGL stock. That's true from both short-term and long-term perspectives.For instance, Google stock actually dipped after Q4 earnings crushed consensus EPS,which seemed strange, but the beat came entirely from the equity investment accounting effect: operating results were actually below estimates.Long term as well, there's an obvious divide. The bull case here is that Alphabet has $100 billion-plus in cash and valuable businesses like Waymo and Verily that aren't yet contributing to results. In that context, a ~25x forward P/E multiple looks reasonable and may not even incorporate those assets.A skeptic, however, might point to the steadily decelerating growth in the Google segment. Operating margins are coming down even beyond the impact of Other Bets and EU fines. Competition is rising, with Amazon.com (NASDAQ:AMZN) becoming a new and dangerous rival in advertising (which still drives the overwhelming majority of Alphabet revenue). And rising traffic acquisition costs, plus the increasing usage of apps over browsers, portend a risk to the core search business here. * 7 Small-Cap Stocks That Make the Grade There are logical takes on both sides, particularly with GOOGL stock having recovered its Q4 losses with strong performance YTD. But to make that logical take, an investor needs to truly understand the numbers. As seen here, that takes some digging -- and investors will need to continue to dig as Alphabet releases results going forward.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Understanding GOOGL Stock's Tricky Earnings appeared first on InvestorPlace.
- Motley Fool•2 days ago
3 Stocks Trading Below $3.14 That Could Bounce Back in 2019
Blue Apron, LendingClub, and Avon may be trading at low prices, but they are already showing early signs of getting things right this year.
- Markit•8 days ago
See what the IHS Markit Score report has to say about LendingClub Corp.
LendingClub Corp NYSE:LCView full report here! Summary * Bearish sentiment is moderate and increasing * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderate for LC with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on March 8. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold LC had net inflows of $1.83 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- American City Business Journals•19 days ago
Exclusive: Hot startup makes key hires as it finds new avenues of growth
Metromile's workforce initially saw its target market as being very similar to themselves: millennials working in major cities, often taking public transit to work. Then they discovered the over-55 set.
- GlobeNewswire•23 days ago
New Research Coverage Highlights The Wendy's, Rite Aid, Invesco, LendingClub, Diodes, and Athenex — Consolidated Revenues, Company Growth, and Expectations for 2019
NEW YORK, Feb. 25, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Reuters•26 days agoLendingClub forecasts bigger-than-expected first-quarter loss
For the full-year 2019, LendingClub forecast a loss that was bigger than Wall Street estimates. LendingClub CEO Scott Sanborn said in an interview that the lower-than-expected guidance was due in part to seasonal weakness in the first quarter and economic uncertainty both in the United States and overseas. "There is a lot of uncertainty both globally and domestically," Sanborn said.
Bloomberg•26 days agoOnline Lenders’ Shares Hurt by Expected Revenue-Growth Slowdown
“In 2019, we will drive responsible revenue growth with a significant management focus on delivering more revenue to the bottom line,” LendingClub Corp. Chief Executive Officer Scott Sanborn said on the firm’s conference call this week. Shares of LendingClub, the largest online lender, plunged after the company projected slower revenue growth amid a tightening credit market, and analysts cut their price targets and estimates for adjusted earnings at the San Francisco-based company. LendingClub projected revenue growth of 10 percent to 14 percent this year, down from 21 percent in 2018.
- Thomson Reuters StreetEvents•27 days ago
Edited Transcript of LC earnings conference call or presentation 19-Feb-19 10:00pm GMT
Q4 2018 LendingClub Corp Earnings Call
GuruFocus.com•27 days agoLendingClub Results Fall Short of Expectations
LendingClub Corp. (LC) is one of the oldest lenders in the online lending market. Below is a look at its most recent fourth quarter earnings report with some insight on its current position. Warning! GuruFocus has detected 2 Warning Signs with LC.
- PR Newswire•27 days ago
Brismo partners with LendingClub to create 'industry standard' performance metrics
SAN FRANCISCO , Feb. 20, 2019 /PRNewswire/ -- Brismo, the leading international provider of lending performance data, has today announced that standardized performance metrics are available representing ...
- Benzinga•27 days ago
Analysts Watching LendingClub's Slowing Growth
LendingClub Corp (NYSE: LC ) shares tanked Wednesday despite reporting a 16-percent increase in fourth-quarter revenue. LendingClub reported an adjusted loss per share of 1 cent on the quarter, up from ...
- Bloomberg•27 days ago
LendingClub Slides as View Miss, Credit Fears Worry Analysts
Analysts cut their price targets, and flagged credit concerns and tighter lending standards. LendingClub has “taken credit and pricing actions to resolve normalization and supply-side driven pockets of weakness,” CEO Scott Sanborn said on the firm’s conference call. “A tightening credit environment provides a cautious outlook for 2019,” Faucette wrote in a note, as credit-sensitive investors will probably find the company’s comments about “a normalizing credit environment slightly discouraging.” Faucette added that originations also trailed consensus estimates.
- Zacks•28 days ago
LendingClub (LC) Q4 Earnings Beat Estimates, Expenses Down
LendingClub (LC) witnesses higher revenues and lower expenses in the fourth quarter of 2018.
Motley Fool•28 days agoLendingClub Corp (LC) Q4 2018 Earnings Conference Call Transcript
LC earnings call for the period ending December 31, 2018.
- InvestorPlace•28 days ago
Lending Club Earnings: LC Stock Down Despite Q4 Revenue Being Up 16%
Lending Club (NYSE:LC) reported its figures for its fourth quarter of the fiscal 2018, which included revenue that was better than during the year-ago period, but shares were moving downwards late in the day.The Silicon Valley peer-to-peer lender said that it had a loss of $13.5 million, or 3 cents per share for the period, below its loss from the year-ago quarter of $92 million, or 22 cents per share. On an adjusted basis, this came in to a loss of roughly a penny per share, better than its loss of 3 cents per share from the year-ago quarter.Lending Club added that it brought in net sales of $181.5 million for the period, marking a 16% surge when compared to the same period a year ago, thanks in part to an increase in loan origination volume. This metric tallied up to $2.9 billion, gaining about 18% year-over-year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor its fiscal 2019, the platform sees its net revenue as being in the range of $765 million to $795 million, while it predicts a net loss to be be from $29 million to $9 million. On an adjusted basis, Lending Club's EBITDA is slated to be between $115 million and $135 million.LC stock was down roughly 5.8% after the bell following the company's quarterly results. Shares had been gaining about 1.4% during regular trading hours as the company geared up to report its figures as it moves deeper into its first quarter of fiscal 2019. More From InvestorPlace * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Financial Stocks With Accelerating Growth * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Compare Brokers The post Lending Club Earnings: LC Stock Down Despite Q4 Revenue Being Up 16% appeared first on InvestorPlace.
- Associated Press•28 days ago
LendingClub: 4Q Earnings Snapshot
On a per-share basis, the San Francisco-based company said it had a loss of 3 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 3 cents per share. The results surpassed Wall ...
- MarketWatch•28 days ago
LendingClub stock falls after company misses Q4 expectations
Shares of LendingClub Corp. fell more than 8% in the extended session Tuesday after the peer-to-peer lending company missed revenue expectations and posted an adjusted loss in the fourth quarter. LendingClub said it lost $13.5 million, or 3 cents a share, in the quarter, compared with a loss of $92 million, or 22 cents a share, in the fourth quarter of 2017. Adjusted for one-time items, LendingClub lost $4.1 million, or 1 cent a share, in the period, compared with an adjusted loss of 3 cents a share a year ago. Revenue rose to $181.5 million, compared with $156.4 million a year ago. Analysts were looking for an adjusted profit of 2 cents a share on sales of $182.1 million. LendingClub shares ended the regular trading day up 1.4%.
- PR Newswire•28 days ago
LendingClub Reports Fourth Quarter and Full Year 2018 Results
Record $10.9 billion loan origination volume and record $694.8 million of net revenue in 2018 SAN FRANCISCO , Feb. 19, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online ...
- ACCESSWIRE•28 days ago
LendingClub Corp to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 19, 2019 / LendingClub Corp (NYSE: LC ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on February 19, 2019 at 5:00 PM Eastern ...
- Benzinga•29 days ago
LendingClub Q4 Earnings Preview
LendingClub (NYSE: LC ) unveils its next round of earnings this Tuesday, Feb. 19. Get prepared with Benzinga's ultimate preview for LendingClub's Q4 earnings. Earnings and Revenue LendingClub EPS will ...
- Zacks•last month
Moody's (MCO) Q4 Earnings & Revenues Lag, Expenses Down
Dismal global debt issuance hurt Moody's (MCO) Q4 earnings while decent Moody's Analytics segment's performance renders some support.
- Zacks•last month
LendingClub (LC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
LendingClub (LC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
