LC: T.H. Data Flash - Lending Club Corporation (LC) – 1Q17: 1Q17 Performed Better
Lending Club will report 1Q17 results on Thursday, May 4th after the close of the market. According to our data, we believe it is highly likely that LC may report 1Q17 revenue outperforming the Street. Based on our data and calculations, we project the value of its total loan originations is likely to be between $2,500M and $2,952M, and the revenue is likely to be between $125.0M and $140.0M (-4.2% and +7.3% Q/Q), vs. consensus revenue expectation of $122.9M (-5.8% Q/Q).
LendingClub is an online marketplace connecting borrowers and investors. The company's subsidiary, LendingClub Asset Management LLC (LCAM), is a registered investment advisor that acts as the general partner for certain private funds and an advisor to separately managed accounts and funds. The company's subsidiary, Springstone Financial LLC, facilitates the origination of education and patient finance loans by third-party issuing banks. LC Trust I (the Trust), an independent business trust, acquires loans from the company and holds them for the sole benefit of certain investors that have purchased trust certificates issued by the Trust that are related to specific underlying loans for the benefit of the investor.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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