LendingClub: Thriving Despite Headwinds
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Update - Jan. 25
LendingClub reports after the close with focus on 2023 with the pre-announcement:
-The consensus EPS Estimate is $0.22
-The consensus Revenue Estimate is $258.37M (-1.5% Y/Y).
Original article was posted on Jan. 14
- LendingClub reported preliminary Q4'22 numbers right on estimates.
- The fintech reported disappointing loan originations to impact '23 numbers leading to an opportunistic workforce reduction of 14%.
- The stock is cheap trading below TBV and at just 6x EPS targets for '22.