Oportun Financial Corp reports results for the quarter ended in December - Earnings Summary

Oportun Financial

12/03/2024 22:42

* Oportun Financial Corp  OPRT.OQ  reported a quarterly
adjusted
loss of 53 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of 14 cents.  The mean expectation of five analysts for the
quarter was for a loss of 37 cents per share. Wall Street
expected results to range from -75 cents to 2 cents per share.
    * Revenue rose 0.3% to $262.70 million from a year ago;
analysts
expected $262.31 million. 
    * Oportun Financial Corp's reported EPS for the quarter was
a loss
of $1.09​.
    * The company reported a quarterly loss of $41.8 million.
    * Oportun Financial Corp shares had fallen by 4.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 Oportun Financial
Corp is $7.75 
This summary was machine generated from LSEG data March 12 at
10:41 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
 Dec. 31 2023      -0.37          -0.53          Missed
 Sep. 30 2023      0.31           -0.46          Missed
 Jun. 30 2023      -0.14          0.06           Beat
 Mar. 31 2023      -1.36          -2.60          Missed