I have read some articles that state that IEnumerable used to mimic stored procedures or restrict your database. Lost lazy loading ability on the external provider.
Where as IQueryable to give developers more flexibility. Lazy loading is there.
In terms of performance, both consume a significant amount of performance .. so which one is more preferable?
From the perspective of a Repository Pattern, you can think of it this way:
Use an eager loading
IEnumerable when you want to pass an entire list to the client in one go. They can still add linq clauses, but the client does not benefit from deferred execution.
Use a lazy loading
IQueryable when you want to extend deferred querying capabilities to the client, by allowing the client to add their own linq clauses. This defers execution of the entire query until output is required.