Open Lending (LPRO) Matches Q1 Earnings Estimates

Core Viewpoint - Open Lending (LPRO) reported quarterly earnings of $0.01 per share, matching the Zacks Consensus Estimate, but down from $0.04 per share a year ago [1] - The company posted revenues of $24.39 million for the quarter, missing the Zacks Consensus Estimate by 1.49%, and down from $30.75 million year-over-year [2] Financial Performance - Open Lending's earnings surprise was significant, with a prior expectation of $0.02 per share turning into a loss of $0.49, resulting in a surprise of -2,550% [1] - The company has not surpassed consensus EPS estimates over the last four quarters [1] - Revenue performance has also been disappointing, with the company failing to beat consensus revenue estimates in the last four quarters [2] Stock Performance - Open Lending shares have declined approximately 77.2% since the beginning of the year, contrasting with the S&P 500's decline of -4.7% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $24.54 million, and $0.07 on revenues of $98.8 million for the current fiscal year [7] - The trend for earnings estimate revisions is currently unfavorable, which may impact future stock movements [6] Industry Context - The Financial - Consumer Loans industry, to which Open Lending belongs, is ranked in the top 31% of over 250 Zacks industries, suggesting a relatively strong industry performance [8]