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.

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.

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.

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