On Deck Capital (ONDK) Tops Q3 EPS by 2c
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Strong Loan Sale Activity Drives 3Q Beat For On Deck Capital (ONDK); Compass Point Reiterates Sell
November 3, 2015 6:51 AM ESTCompass Point maintained a Sell on On Deck Capital (NYSE: ONDK), and cut the price target to $8.50 (from $10.00), following the company's 3Q earnings results. Adjusted EPS of $0.10 beat consensus of ($0.01). Gross revenue of $67.4M rose 55% YOY. Management projects 4Q15 gross revenues of $64-$66M vs. consensus of $65M and adjusted EBITDA of ($1M)-$0M vs. consensus of... More
