On Deck Capital (ONDK) Tops Q2 EPS by 5c; Issues Q3 Outlook

On Deck Capital (NYSE: ONDK) reported Q2 EPS of $0.11, $0.05 better than the analyst estimate of $0.06. Revenue for the quarter came in at $63.3 million versus the consensus estimate of $61.94 million.

OnDeck provided the following guidance for the three months ending September 30, 2015 and year ending December 31, 2015.

Third Quarter 2015

• Gross revenue between $61 million and $63 million.
• Adjusted EBITDA between $1 million and $2 million, reflecting the continued expansion of OnDeck Marketplace as a percentage of term loan originations.

Full Year 2015

• Gross revenue between $244 million and $248 million.
• Adjusted EBITDA between $7 million and $9 million, reflecting the continued expansion of OnDeck Marketplace as a percentage of term loan originations.

For earnings history and earnings-related data on On Deck Capital (ONDK) click here.

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