Open Lending (LPRO) Q3 Earnings and Revenues Miss Estimates

Core Viewpoint - Open Lending (LPRO) reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of$0.05 per share, representing an earnings surprise of -80% [1][2] Financial Performance - The company posted revenues of $23.48 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 20.32$26.01 million [2] - Over the last four quarters, Open Lending has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2] Stock Performance - Open Lending shares have declined approximately 20.8% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of$30.02 million, and for the current fiscal year, it is $0.18 on revenues of$116.95 million [7] - The estimate revisions trend for Open Lending is mixed, and future changes in estimates will be closely monitored [6][7] Industry Context - The Financial - Consumer Loans industry, to which Open Lending belongs, is currently in the bottom 38% of over 250 Zacks industries, indicating potential challenges ahead [8]