Lending Club (LC) Sell-Off Unwarranted, Says BTIG

Go back to Lending Club (LC) Sell-Off Unwarranted, Says BTIG

Change in Provision Methodology Contributes to EPS Beat For Santander Consumer USA (SC); Compass Point Remains Neutral

November 2, 2015 9:27 AM EST

Compass Point reiterated a Neutral rating on Santander Consumer USA Holdings Inc. (NYSE: SC), and cut the price target to $20.00 (from $24.00), following the company's 3Q earnings results. EPS of $0.62 beat the consensus estimate of $0.51 due to a change in provision methodology that removes the seasonality of credit expenses. The 3Q loss provision of $744M was relatively flat QoQ.

Analyst Lucy Webster... More

LendingClub (LC) Reports Good 3Q Beat; Compass Point Maintains a Sell Rating

October 30, 2015 9:26 AM EDT

Compass Point reiterated a Sell rating and $12.00 price target on Lending Club (NYSE: LC) following the company's 3Q earnings results. Adjusted EPS of $0.04 beat consensus by $0.02. Adjusted EBITDA of $21.2M rose from $13.4M in 2Q15 and $7.5M in 3Q14, reflecting an 18.4% margin. Operating revenue of $115M rose 104% YOY. For 2016, management projects YOY operating revenue growth of 70% (vs. consensus of 55%) and 18%... More