LendingClub Corp reports results for the quarter ended March 31 - Earnings Summary

• LendingClub Corp LC.N reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of nine analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 4 cents to 16 cents per share.

• Revenue rose 20.5% to $217.71 million from a year ago; analysts expected $214.30 million.

• LendingClub Corp's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $11.67 million.

• LendingClub Corp shares had risen by 6.4% this quarter and lost 32.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23% 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 7 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for LendingClub Corp is $19.00

This summary was machine generated from LSEG data April 29 at 09:01 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)