OnDeck Reports First Quarter 2017 Financial Results
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May 9, 2017 9:41 AM EDT
Jefferies lowered its price target on On Deck Capital (NYSE: ONDK) to $5.00 (from $5.40) while maintaining a Hold rating. On Deck reported 1Q adjusted EPS of ($0.11) vs. the Street's ($0.10). Gross revenue was up +48% Y/Y to $92.8M, at the higher end of prior guidance of... More
May 8, 2017 7:02 AM EDT
On Deck Capital (NYSE: ONDK) reported Q1 EPS of ($0.11), $0.01 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $92.9 million versus the consensus estimate of $90.38 million.
"Our first quarter 2017 results and our continuing initiatives to reduce costs demonstrate the progress we are making toward achieving our financial performance objectives," said Noah Breslow, OnDeck\'s chief executive officer. "During the quarter, we continued to focus on tightening our credit management and improving the operating leverage inherent in our technology-enabled... More
