Open Lending (LPRO) Misses Q2 Earnings and Revenue Estimates

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]