The third quarter financial results of Live Oak Bancshares (NASDAQ: LOB) will be revealed on Wednesday 23rd October 2024. This eagerly awaited announcement is slated to occur after market close, enabling investors and market participants to gain valuable insights into the company's financial performance.
Financial analysts on Wall Street are anticipating that the business will announce an estimated $0.55 profit per share for the quarter. Furthermore, the firm is projected to disclose a total revenue of $123.62 million for this period.
Looking back at the corresponding quarter from the previous year, the company's earnings report revealed a per-share income of $0.88. This notable figure was attributed to the company's total revenue, which settled at an impressive $127.3 million during that specific quarter.
Wall Street analysts have provided their insights on the company's performance for the year, forecasting a total revenue of $484.65 million. Additionally, they anticipate the earnings per share to reach profit of $2.31 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.59 | +51.3% | 125.48 M | +15.7% |
| Q1 2024 | $0.36 | +3,500.0% | 116.21 M | +14.4% |
| Q4 2023 | $0.36 | +800.0% | 119.68 M | +14.0% |
| Q3 2023 | $0.88 | -8.3% | 127.30 M | -10.1% |
| Q2 2023 | $0.39 | -81.9% | 108.46 M | -48.0% |
| *Growth on year-over-year basis | ||||
In addition, The firm will review the third quarter financial results on 24th October 2024 at 09:00 AM eastern time, in a conference call with public.
The previous trading day saw Live Oak Bancshares (LOB) shares trading between $47.46 and $49.56, besides a volume of 240.90 thousand shares. The stock closed Monday's regular trading session at $47.46, indicating 3.81 percent downfall.
