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

Oportun Financial

09/08/2024 24:20

* Oportun Financial Corp  OPRT.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 6 cents.  The mean expectation of four analysts
for the quarter was for a loss of 18 cents per share. Wall
Street expected results to range from -24 cents to -13 cents per
share.
    * Revenue fell 6.1% to $250.40 million from a year ago;
analysts
expected $245.27 million. 
    * Oportun Financial Corp's reported EPS for the quarter was
a loss
of 78 cents​.
    * The company reported a quarterly loss of $31 million.
    * Oportun Financial Corp shares had fallen by 4.5% this
quarter and lost 29.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 60%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the consumer
lending
peer group is also "hold"

Wall Street's median 12-month price target for Oportun Financial
Corp is $5.75 
This summary was machine generated from LSEG data August 8 at
11:20 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      -0.18          0.08           Beat
 Mar. 31 2024      -0.26          0.09           Beat
 Dec. 31 2023      -0.37          -0.53          Missed
 Sep. 30 2023      0.31           -0.46          Missed