Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  LendingClub Corp    LC

LENDINGCLUB CORP (LC)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

LendingClub shares take a hit from disappointing forecast

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 07:31pm CET
FILE PHOTO - A woman looks at her phone as she passes by a Lending Club banner on the facade of the the New York Stock Exchange

Shares of LendingClub Corp (>> LendingClub Corp) hit a record low on Thursday after the online lender raised its loss estimate and cut its revenue forecast for the fourth quarter.

Shares of LendingClub Corp (>> LendingClub Corp) hit a record low on Thursday after the online lender raised its loss estimate and cut its revenue forecast for the fourth quarter.

Shares of the company fell as much as 22.6 percent to $3.29 and were among the top losers on the New York Stock Exchange,

The company said it now expected revenue in the range of $155 million to $160 million, below its earlier estimate of $158 million to $163 million. (http://bit.ly/2nB4aU9f).

Net loss is expected to range between $6 million and $10 million, compared with its previous loss forecast of $3 million to $7 million.

LendingClub has been trying to recover after an internal probe last year found the company had falsified documentation when selling $22 million of loans to an investor.

The incident led to the ouster of Chief Executive Renaud Laplanche and gave bad press to the nascent industry.

However, the entry of Square Inc (>> Square Inc), which is headed by Twitter Inc <TWTR.O> CEO Jack Dorsey, into the online lending industry earlier this year has generated new interest in these companies.

(Reporting by Diptendu Lahiri in Bengaluru)

Stocks treated in this article : Twitter, LendingClub Corp, Square Inc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LENDINGCLUB CORP
12/07DJTech Up as Knee-Jerk Tax Selloff Fades -- Tech Roundup
12/07 LendingClub shares take a hit from disappointing forecast
12/07 LENDINGCLUB : Closes First-of-Its-Kind Transaction in Marketplace Lending
12/07 LENDINGCLUB CORPORATION (NYSE : LC) Files An 8-K Regulation FD Disclosure
12/05 LENDINGCLUB : Holds First Investor Day in New York on December 7, 2017
12/05 LENDINGCLUB CORPORATION (NYSE : LC) Files An 8-K Entry into a Material Definitiv..
12/04 LENDINGCLUB : Entry into a Material Definitive Agreement, Financial Statements a..
12/01 LENDINGCLUB : Closes First-of-Its-Kind Transaction in Marketplace Lending
11/29 STULL, STULL & BRODY'S INVESTIGATION : LC) Employee Stock Purchase Plans Is Cont..
11/10 LENDINGCLUB : Peer-To-Peer Loans Remind The Cleveland Fed Of An Obscure Historic..
More news
News from SeekingAlpha
08:26a LENDINGCLUB : Rocky Road Ahead, But A Bottom Is Near
12/15 DAILY INSIDER RATINGS ROUND UP 12/13 : Rh, gsat, lc, ncmi, ascma
12/14 Borrowing against Bitcoin
12/13 Don't Buy LendingClub - Cramer's Lightning Round (12/12/17)
12/12 DAILY INSIDER RATINGS ROUND UP 12/11 : Mdco, psec, lc, omf
Financials ($)
Sales 2017 576 M
EBIT 2017 2,83 M
Net income 2017 -70,7 M
Finance 2017 448 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 2,12x
EV / Sales 2018 1,68x
Capitalization 1 672 M
Chart LENDINGCLUB CORP
Duration : Period :
LendingClub Corp Technical Analysis Chart | LC | US52603A1097 | 4-Traders
Technical analysis trends LENDINGCLUB CORP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 5,28 $
Spread / Average Target 31%
EPS Revisions
Managers
NameTitle
Scott C. Sanborn Chief Executive Officer & Director
Steve Allocca President
John C. Morris Independent Chairman
Sameer Gulati Chief Operating Officer
Thomas W. Casey Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
LENDINGCLUB CORP-24.00%1 672
SYNCHRONY FINANCIAL1.99%29 105
DISCOVER FINANCIAL SERVICES2.19%27 105
BAJAJ FINANCE LTD47.05%15 563
INDIABULLS HOUSING FINANCE LTD81.97%8 014
ACOM CO., LTD.-4.70%6 859