Live Oak Bancshares LOB is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Live Oak Bancshares to report an earnings per share (EPS) of $0.57.
The announcement from Live Oak Bancshares is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Overview of Past Earnings
In the previous earnings release, the company beat EPS by $0.13, leading to a 3.8% increase in the share price the following trading session.
Here's a look at Live Oak Bancshares's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.46 | 0.47 | 0.44 | 0.48 |
| EPS Actual | 0.59 | 0.36 | 0.36 | 0.88 |
| Price Change % | 4.0% | -14.000000000000002% | -5.0% | 7.000000000000001% |
Market Performance of Live Oak Bancshares's Stock
Shares of Live Oak Bancshares were trading at $47.46 as of October 21. Over the last 52-week period, shares are up 71.47%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Live Oak Bancshares visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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