On Deck Capital (ONDK) Misses Q2 EPS by 1c, Miss on Revenues; Offers 3Q & FY17 Revenue Guidance Below Consensus

On Deck Capital (NYSE: ONDK) reported Q2 EPS of ($0.02), $0.01 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $86.7 million versus the consensus estimate of $89.18 million.

Guidance for Third Quarter and Full Year 2017

OnDeck provided the following guidance for the three months ending September 30, 2017 and reiterated its guidance for the full year ending December 31, 2017:

• Third Quarter 2017
  • Gross revenue between $82 million and $86 million.
  • Adjusted EBITDA between $1 million and $5 million.
• Full Year 2017
  • Gross revenue between $342 million and $352 million.
  • Adjusted EBITDA between $5 million and $15 million.

GUIDANCE:

On Deck Capital sees Q3 2017 revenue of $82-86 million, versus the consensus of $86.62 million.

On Deck Capital sees FY2017 revenue of $342-352 million, versus the consensus of $354.02 million.

For earnings history and earnings-related data on On Deck Capital (ONDK) click here.

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