It's shaping up to be a tough period for Open Lending Corporation (NASDAQ:LPRO), which a week ago released some disappointing quarterly results that could have a notable impact on how the market views the stock. It looks like quite a negative result overall, with both revenues and earnings falling well short of analyst predictions. Revenues of US$27m missed by 14%, and statutory earnings per share of US$0.02 fell short of forecasts by 53%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Open Lending after the latest results.

Check out our latest analysis for Open Lending

Following the latest results, Open Lending's ten analysts are now forecasting revenues of US$117.0m in 2024. This would be a meaningful 19% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to leap 219% to US$0.16. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$127.7m and earnings per share (EPS) of US$0.21 in 2024. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a real cut to earnings per share estimates.

It'll come as no surprise then, to learn that the analysts have cut their price target 8.1% to US$7.13. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Open Lending, with the most bullish analyst valuing it at US$10.00 and the most bearish at US$5.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Open Lending's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 41% growth to the end of 2024 on an annualised basis. That is well above its historical decline of 23% a year over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 5.3% per year. Not only are Open Lending's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.