Open Lending Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Open Lending Corporation LPRO will release its fourth-quarter financial results after the closing bell on Monday, March 17.

Analysts expect the Austin, Texas-based company to report quarterly earnings at 2 cents per share, versus a year-ago loss of 4 cents per share. Open Lending projects quarterly revenue of $24.02 million, compared to $14.94 million a year earlier, according to data from Benzinga Pro.

On Nov. 7, 2024, Open Lending posted downbeat third-quarter results.

Open Lending shares gained 1.2% to close at $4.31 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Needham analyst Mayank Tandon reiterated a Hold rating on Oct. 2, 2024. This analyst has an accuracy rate of 69%.
DA Davidson analyst Peter Heckmann maintained a Buy rating and cut the price target from $9 to $8 on Aug. 12, 2024. This analyst has an accuracy rate of 75%.
JMP Securities analyst David Scharf maintained a Market Outperform rating and cut the price target from $8 to $7 on Aug. 9, 2024. This analyst has an accuracy rate of 67%.
Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and slashed the price target from $6 to $5 on Aug. 9, 2024. This analyst has an accuracy rate of 66%.
Canaccord Genuity analyst Joseph Vafi maintained a Hold rating and lowered the price target from $7 to $6 on May 8, 2024. This analyst has an accuracy rate of 69%.

Considering buying LPRO stock? Here’s what analysts think: