AUSTIN, Texas, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (Nasdaq: LPRO) ("Open Lending" or the "Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will be attending the Canaccord Genuity 44th Annual Growth Conference in Boston, MA. The Company will participate in a fireside chat discussion, which will begin at 11:00am ET and can be accessed by visiting the Company's investor relations ...

Core Insights - Open Lending (LPRO) reported a revenue of $26.73 million for the quarter ended June 2024, reflecting a year-over-year decline of 29.9% and an EPS of $0.02 compared to $0.09 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $31.52 million, resulting in a surprise of -15.21%, while the EPS surprise was -60.00% against a consensus estimate of $0.05 [1] Revenue Breakdown - Revenue from profit share was $9.33 million, significantly below the average estimate of $14.76 million from four analysts, marking a year-over-year decline of 47.6% [3] - Revenue from program fees was $14.84 million, slightly above the average estimate of $14.29 million, but still represented a year-over-year decline of 17.1% [4] - Revenue from claims administration service fees was $2.56 million, exceeding the average estimate of $2.41 million, and showed a year-over-year increase of 4.3% [5] Stock Performance - Over the past month, shares of Open Lending have returned +1.3%, contrasting with the Zacks S&P 500 composite's decline of -6.5% [5] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [5]

Core Viewpoint - Open Lending (LPRO) reported quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.05 per share, representing a 60% earnings surprise [1] - The company also reported revenues of $26.73 million for the quarter, missing the Zacks Consensus Estimate by 15.21%, compared to $38.15 million in the same quarter last year [2] Group 1: Earnings Performance - Open Lending's earnings of $0.02 per share is a decrease from $0.09 per share a year ago [1] - The company has not surpassed consensus EPS estimates over the last four quarters [2] - The earnings surprise of -60% indicates significant underperformance relative to expectations [1] Group 2: Revenue Analysis - The reported revenue of $26.73 million is a decline from $38.15 million year-over-year [2] - Open Lending has only topped consensus revenue estimates once in the last four quarters [2] Group 3: Stock Performance and Outlook - Open Lending shares have decreased by approximately 35.3% since the beginning of the year, contrasting with the S&P 500's gain of 9% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $31.93 million, and $0.22 on revenues of $127.61 million for the current fiscal year [7] Group 4: Industry Context - The Financial - Consumer Loans industry, to which Open Lending belongs, is currently in the top 12% of over 250 Zacks industries [8] - Historical data indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than a factor of 2 to 1 [8]

AUSTIN, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (Nasdaq: LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its second quarter of 2024. "For the second quarter of 2024 we were near or above the high end of our guidance range across certified loans, revenue, and Adjusted EBITDA, excluding a negative change in estimate associated with our profit share," sa ...

AUSTIN, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) ("Open Lending" or "the Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss second quarter 2024 financial results on Thursday, August 8, 2024 at 5:00pm ET. A press release with second quarter 2024 financial results will be issued after the market closes that same day. About Ope ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-39326 OPEN LENDING CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) (Exact Name of Registrant as Specified in its Charter) Delaware 84-5 ...

Open Lending (LPRO) reported $30.75 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 19.9%. EPS of $0.04 for the same period compares to $0.10 a year ago.The reported revenue represents a surprise of +7.68% over the Zacks Consensus Estimate of $28.55 million. With the consensus EPS estimate being $0.05, the EPS surprise was -20.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Open Lending (LPRO) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced a loss of $0.04, delivering a surprise of -180%.Over the last four quarters, the company has not ...

Exhibit 99.1 Open Lending Reports First Quarter 2024 Financial Results AUSTIN, Texas, May 7, 2024 – Open Lending Corporation (Nasdaq: LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its first quarter of 2024. "I am pleased to report that in the first quarter of 2024, we exceeded the high end of our guidance for both certified loans and revenue and exceeded the mid-point for Ad ...

AUSTIN, Texas, April 16, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or "the Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss first quarter 2024 financial results on Tuesday, May 7, 2024 at 5:00pm ET. A press release with first quarter 2024 financial results will be issued after the market closes that same day. The conference ...