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LendingClub (LC, $45.54) beats Q3 earnings expectations
LendingClub posted better-than-expected third-quarter earnings.
In the quarter, LendingClub posted record net income $27.2 million, which implies a +190% increase sequentially.
The company’s per-share earnings came in at 26 cents , beating the 12 cents a share expected by analysts at FactSet. It had a loss of -25 cents in the year-ago quarter.
Total revenue in the quarter came in at $246.2 billion, surpassing analysts’ expectations of $222 billion.
LendingClub’s marketplace revenue in the third quarter climbed +15% sequentially to $174 million, on the back of growth in loan origination and strong investor demand for loans, as mentioned by Chief Financial Officer Thomas Casey.
Origination fees rose 13% year-over-year to $129 million.
LC in downward trend: price may decline as a result of having broken its higher Bollinger Band on April 28, 2022
LC broke above its upper Bollinger Band on April 28, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 41 similar instances where the stock broke above the upper band. In 36 of the 41 cases the stock fell afterwards. This puts the odds of success at 88%.
Current price $13.54 crossed the support line at $33.76 and is trading between $33.76 support and $-1.60 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -3% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -3%.
The Momentum Indicator moved below the 0 level on May 09, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on LC as a result. In 70 of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 85%.
The Moving Average Convergence Divergence Histogram (MACD) for LC turned negative on May 10, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 41 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 87%.
LC moved below its 50-day Moving Average on May 06, 2022 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 85%.
The Aroon Indicator for LC entered a downward trend on April 27, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +9.08% 3-day Advance, the price is estimated to grow further. Considering data from situations where LC advanced for three days, in 203 of 269 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 83%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.2.
The Tickeron Valuation Rating of 100 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.633) is normal, around the industry mean (4.384). P/E Ratio (13.369) is within average values for comparable stocks, (80.319). LC's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.301). LC has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.039). P/S Ratio (1.517) is also within normal values, averaging (24.819).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is 97 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 77 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating steady price growth. LC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
A leasing company (e.g. United Rentals, Inc. ) is typically the legal owner of the asset for the duration of the lease, while the lessee has operating control over the asset while also having some share of the economic risks and returns from the change in the valuation of the underlying asset. Per capita disposable income and corporate earnings or cash flow could be some of the critical metrics for this business – the higher the values of these metrics, the potentially greater ability of consumers/businesses to afford apartments/office spaces for rent. Other finance companies include credit/debit card payment processing companies (e.g. Visa Inc. and Mastercard), private label credit cards providers (e.g. Synchrony Financial) and automobile finance companies (e.g. Credit Acceptance Corporation).
The average market capitalization across the Finance/Rental/Leasing Industry is 7.7B. The market cap for tickers in the group ranges from 10.3K to 428.7B. V holds the highest valuation in this group at 428.7B. The lowest valued company is CAFI at 10.3K.
The average weekly price growth across all stocks in the Finance/Rental/Leasing Industry was -2.18%. For the same Industry, the average monthly price growth was -7.8%, and the average quarterly price growth was -13.34%. IMPHP experienced the highest price growth at 68.32%, while SEZNL experienced the biggest fall at -74.93%.
- 5/6/22 5:04 AM: LendingClub (LC, $15.42) was a top loser this week, declining -5.51%
- 5/3/22 8:19 AM: LendingClub (LC, $15.7) was a top weekly gainer, with a +8.88% jump. Expect an Uptrend reversal
- 4/26/22 5:09 AM: LendingClub (LC, $14.42) was a top weekly gainer, with a +7.21% jump
The average weekly volume growth across all stocks in the Finance/Rental/Leasing Industry was 29.18%. For the same stocks of the Industry, the average monthly volume growth was 47.26% and the average quarterly volume growth was 48.93%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 41%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.4.
15 stocks in the group of tickers exhibit a similar negative trend based on the MA200MA50 indicator with an average likelihood of 73%.
The most notable companies in this group are VISA (NYSE:V), Mastercard (NYSE:MA), American Express Company (NYSE:AXP), PayPal Holdings (NASDAQ:PYPL), Capital One Financial (NYSE:COF), Discover Financial Services (NYSE:DFS), United Rentals (NYSE:URI), Synchrony Financial (NYSE:SYF), SLM Corp (NASDAQ:SLM), Bread Financial Holdings (NYSE:BFH).
The average market capitalization across the group is 10.5B. The market cap for tickers in the group ranges from 0 to 428.7B. V holds the highest valuation in this group at 428.7B. The lowest valued company is SLMBP at 0.
- 5/5/22 4:57 AM: VISA (V, $214.52), market cap jumped by $26.9B
- 4/28/22 6:01 AM: VISA (V, $214.11), market cap jumped by $41.8B
- 3/25/22 6:10 AM: VISA (V, $217.31), market cap jumped by $20.2B
The average weekly price growth across all stocks in the group was -1.26%. For the same group, the average monthly price growth was -10.67%, and the average quarterly price growth was -27.44%. CRQDF experienced the highest price growth at 50.68%, while UPST experienced the biggest fall at -51%.
- 5/14/22 4:24 AM: Mr Cooper Group (COOP, $42.79) was a top loser this week, declining -5.25%. Expect a Downtrend reversal
- 5/14/22 4:23 AM: Sentage Holdings (SNTG, $0.6) is a top weekly loser for penny stocks, falling -17.81%
- 5/12/22 5:37 AM: Roan Holdings Group (RAHGF, $0.13) was a top loser this week, declining -7.08%. Expect a Downtrend continuation
The average weekly volume growth across all stocks in the group was -36.95%. For the same stocks of the group, the average monthly volume growth was 19.54% and the average quarterly volume growth was -24.93%
- 5/14/22 4:17 AM: The volume for loanDepot stock increased for four consecutive days, resulting in a record-breaking daily growth of 190% of the 65-Day Volume Moving Average
- 5/13/22 4:50 AM: The volume for loanDepot stock increased for three consecutive days, resulting in a record-breaking daily growth of 208% of the 65-Day Volume Moving Average
- 5/12/22 5:33 AM: The volume for loanDepot stock increased for two consecutive days, resulting in a record-breaking daily growth of 238% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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