Open Lending (LPRO) reported $26.73 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 29.9%. EPS of $0.02 for the same period compares to $0.09 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $31.52 million, representing a surprise of -15.21%. The company delivered an EPS surprise of -60.00%, with the consensus EPS estimate being $0.05.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Open Lending performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

1. Revenue- Profit share

   : $9.33 million compared to the $14.76 million average estimate based on four analysts. The reported number represents a change of -47.6% year over year.

2. Revenue- Program fees

   : $14.84 million versus the four-analyst average estimate of $14.29 million. The reported number represents a year-over-year change of -17.1%.

3. Revenue- Claims administration service fees

   : $2.56 million versus $2.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.

View all Key Company Metrics for Open Lending here>>>

Shares of Open Lending have returned +1.3% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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