Open Lending Corp reports results for the quarter ended December 31 - Earnings Summary

• Open Lending Corp LPRO.OQ reported a quarterly adjusted loss of $1.21​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of nine analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 3 cents per share.

• Revenue rose 481% to $-56.92 million from a year ago; analysts expected $23.65 million.

• Open Lending Corp's reported EPS for the quarter was a loss of $1.21​.

• The company reported a quarterly loss of $144.44 million.

• Open Lending Corp shares had fallen by 53.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the professional information services peer group is also "buy"

• Wall Street's median 12-month price target for Open Lending Corp is $7.00

This summary was machine generated from LSEG data March 31 at 10:20 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)