|Bid||3.0200 x 1200|
|Ask||3.3000 x 3000|
|Day's Range||3.1900 - 3.2900|
|52 Week Range||2.4600 - 4.5500|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.28|
SAN FRANCISCO , April 16, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online lending marketplace connecting borrowers and investors, announced that it will report earnings ...
U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector's first economic downturn. A recession could bring escalating credit losses, liquidity crunch and higher funding costs, testing business models in a relatively nascent industry. Unlike banks, which tend to have lower-cost and more stable deposits, online lenders rely on market funding that can be harder to come by in times of stress.
U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinising loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector's first economic downturn. A recession could bring escalating credit losses, liquidity crunch and higher funding costs, testing business models in a relatively nascent industry. Unlike banks, which tend to have lower-cost and more stable deposits, online lenders rely on market funding that can be harder to come by in times of stress.
LendingClub Corp NYSE:LCView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for LC with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on April 3. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding LC are favorable with net inflows of $114.11 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText 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 email@example.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.
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.
Blue Apron, LendingClub, and Avon may be trading at low prices, but they are already showing early signs of getting things right this year.
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.
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,.
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.
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.
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 ...
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 ...
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.
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 ...
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%.