LendingClub (NYSE: LC) has scheduled its Q4 earnings release for Tuesday, February 20, 2018, after market hours. LendingClub will host a conference call at 5PM ET the same day
A live webcast of the call will be available on the LendingClub website here. Alternative you may dial in at +1 (888) 317-6003 or outside the U.S. +1 (412) 317-6061 with conference ID 8062913 ten minutes prior to 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time).
cDuring the Q3 earnings call, LendingClub provided the following guidance for Q4 of 2017;
- Total Net Revenue in the range of $158 million to $163 million.
- Net Income (Loss) in the range of $(7) million to $(3) million.
- Adjusted EBITDA in the range of $19 million to $23 million.
- Reconciling Items between net loss and non-GAAP adjusted EBITDA consisting of stock-based compensation of approximately $15 million, and depreciation and amortization and other net adjustments of approximately $11 million.
LendingClub held an investor day in December that provided some additional insight into their vision for the online lending market. Last month, LendingClub revealed a $200 million warehouse agreement in an 8K. Investors will be looking for some positive perspective platform growth that should eventually hit the bottom line.