Here Are All LendingClub's Ratings And Price Target Changes Ahead Of Q3 Earnings

LendingClub Corp LC is set to report its third-quarter earnings Monday. Wall Street expects the online lending firm to report a loss of $0.07 a share versus a profit of $0.04 a share in the same quarter last year.

In addition, the Street predicts revenue to fall 11.2 percent to $103.31 million. LendingClub sees operating revenue to be in the range of $95 million–$105 million.

The company reported weaker-than-expected loss for its second quarter. For the third quarter, LendingClub projects adjusted loss before interest, tax, depreciation and amortization to be in the range of $30 million–$15 million.

LendingClub is reporting its third quarter amid various challenges including interest rate risks, regulatory scrutiny and venture capital funding. Investors will likely keep a tab on the company’s expenses. Excluding impairment, the company’s operating costs surged 52 percent during the second quarter.

Late last week, Morgan Stanley’s James Faucette upgraded LendingClub to Overweight from Equal Weight, while establishing a price target of $7, saying the company appears poised for a return to growth.

Here is a summary of how other Wall Street firms rate LendingClub heading into the earnings print:

• BTIG: Buy, $9 price target.
• Citigroup: Neutral, $5 price target.
• Craig-Hallum: Buy.
• Credit Suisse: Neutral, $7 target price.
• Goldman Sachs: Neutral, $5 price target.
• Keefe, Bruyette & Woods: Market Perform, $5 price target.
• Morgan Stanley: Equal Weight.
• Oppenheimer: Perform.
• Wedbush: Underperform, $3.75 price target.

LendingClub closed Friday trading up 0.79 percent at $5.13.