Analysts expect Open Lending to report an earnings per share (EPS) of $0.02.
Open Lending bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings Track Record
During the last quarter, the company reported an EPS missed by $0.04, leading to a 12.59% drop in the share price on the subsequent day.
Here's a look at Open Lending's past performance and the resulting price change:
Quarter
Q3 2024
Q2 2024
Q1 2024
Q4 2023
EPS Estimate
0.05
0.05
0.05
0.04
EPS Actual
0.01
0.02
0.04
-0.04
Price Change %
-13.0%
1.0%
5.0%
-9.0%
Performance of Open Lending Shares
Shares of Open Lending were trading at $2.92 as of March 27. Over the last 52-week period, shares are down 52.1%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
Analyst Observations about Open Lending
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Open Lending.
The consensus rating for Open Lending is Buy, ...