Oportun Financial Corp expected to post a loss of 26 cents a share - Earnings Preview

Oportun Financial

08/05/2024 03:00

* Oportun Financial Corp  OPRT.OQ   OPRT.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 9 for
the period ending March 31 2024
    * The San Carlos California-based  company is expected to
report a
7.3% decrease in revenue to $240.524 million from $259.5 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on March 12 2024, for
the period ended March 31, was for revenue between $233.00
million and $238.00 million.
    * ​LSEG's mean analyst estimate for Oportun Financial Corp
is for
a loss of 26 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Oportun
Financial
Corp is $5.75​, above​ its last closing price of $3.65. ​​​

The company's guidance on March 12 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 233 million and -12 million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.49       -0.37      -0.53     Missed  -41.4
 Sep. 30 2023  0.31        0.31       -0.46     Missed  -248.4
 Jan. 1 0001   -0.14       -0.14      0.06      Beat    142.3​
 Mar. 31 2023  -1.43       -1.36      -2.60     Missed  -91.2
 ​​Dec.        0.16        0.23       0.14      Missed  -37.8
 31 2022                                                
 Sep. 30 2022  -0.11       0.09       0.25      Beat    326.1​
 Jun. 30 2022  0.09        0.09       0.11      Beat    26.2
 Mar. 31 2022  0.59        0.59       1.58      Beat    169.7
 This summary was machine generated May 8 at 02:00 GMT.  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)