Open Lending: Q1 Earnings Insights

Open Lending LPRO reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Open Lending beat estimated earnings by 66.67%, reporting an EPS of $0.1 versus an estimate of $0.06.

Revenue was down $11.71 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.13 which was followed by a 23.24% drop in the share price the next day.

Here's a look at Open Lending's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.10 0.15 0.17 0.17
EPS Actual -0.03 0.19 0.18 0.18
Revenue Estimate 34.51M 44.72M 48.62M 45.75M
Revenue Actual 26.82M 50.66M 52.04M 50.07M

To track all earnings releases for Open Lending visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!