LendingClub (LC) Tops Q3 EPS by 2c, Offers Gudiance
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LendingClub (LC) Reports Good 3Q Beat; Compass Point Maintains a Sell Rating
October 30, 2015 9:26 AM EDTCompass 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
