Open Lending Corp reports results for the quarter ended June 30 - Earnings Summary

• Open Lending Corp LPRO.OQ reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of eight analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 2 cents per share.

• Revenue fell 5.3% to $25.31 million from a year ago; analysts expected $23.82 million.

• Open Lending Corp's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $1.03 million.

• Open Lending Corp shares had risen by 9.3% this quarter and lost 64.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 26.6% 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 4 "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 $2.50, about 14.4% above its last closing price of $2.14

This summary was machine generated from LSEG data August 6 at 10:19 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)