We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
LendingClub (LC) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, LendingClub (LC - Free Report) closed at $16.20, marking a +1.76% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.43%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq added 0.32%.
Heading into today, shares of the company that connects borrowers and lenders online had lost 5.35% over the past month, lagging the Finance sector's gain of 2.23% and the S&P 500's gain of 5.65% in that time.
Investors will be hoping for strength from LendingClub as it approaches its next earnings release. The company is expected to report EPS of $0.25, up 151.02% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $262.27 million, up 147.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.39 per share and revenue of $1.16 billion. These totals would mark changes of +672.22% and +42.22%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for LendingClub. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.34% lower within the past month. LendingClub is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, LendingClub currently has a Forward P/E ratio of 11.45. This valuation marks a discount compared to its industry's average Forward P/E of 11.55.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
LendingClub (LC) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, LendingClub (LC - Free Report) closed at $16.20, marking a +1.76% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.43%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq added 0.32%.
Heading into today, shares of the company that connects borrowers and lenders online had lost 5.35% over the past month, lagging the Finance sector's gain of 2.23% and the S&P 500's gain of 5.65% in that time.
Investors will be hoping for strength from LendingClub as it approaches its next earnings release. The company is expected to report EPS of $0.25, up 151.02% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $262.27 million, up 147.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.39 per share and revenue of $1.16 billion. These totals would mark changes of +672.22% and +42.22%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for LendingClub. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.34% lower within the past month. LendingClub is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, LendingClub currently has a Forward P/E ratio of 11.45. This valuation marks a discount compared to its industry's average Forward P/E of 11.55.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.