OneMain Holdings Inc reports results for the quarter ended in January - Earnings Summary

OneMain Holdings

31/07/2024 14:33

* OneMain Holdings Inc  OMF.N  reported quarterly adjusted
earnings of $1.02​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of $1.01.  The mean expectation of
fourteen analysts for the quarter was for earnings of 93 cents
per share. Wall Street expected results to range from 71 cents
to $1.32 per share.
    * Revenue rose 5.6% to $922.00 million from a year ago;
analysts
expected $948.58 million. 
    * OneMain Holdings Inc's reported EPS for the quarter was 59
cents​.
    * The company reported quarterly net income of $71 million.
    * OneMain Holdings Inc shares had risen by 9.6% this
quarter and
gained 8.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.6%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for OneMain Holdings
Inc is $59.00 
This summary was machine generated from LSEG data July 31 at
01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.93           1.02           Beat
 Mar. 31 2024      1.39           1.45           Beat
 Dec. 31 2023      1.37           1.39           Beat
 Sep. 30 2023      1.49           1.57           Beat