OppFi gains after lifting FY forecast, Q1 results beat

Oppfi

08/05/2024 14:15

** OppFi shares  OPFI.N  rise 13.33% to $3 premarket after
software firm lifts full-year earnings forecast; Q1 results beat
    ** Co sees FY adj eps/shr guidance in the range of 58 cents
to 62 cents, up from earlier reported 53 cents to 57 cents
    ** Co's Q1 rev of $127.3 mln, beats analysts' expectations
of $124.3 mln - LSEG
    ** OPFI also posts Q1 profit/shr of 10 cents, surpasses
Street estimates of 5 cents - LSEG data
    ** CEO Todd Schwartz, says a strong tax refund season and
favorable credit trends helped co's performance 
    ** The two brokerages covering stock have a "buy" rating
with a median PT of $5.5 - LSEG
    ** Up to last close, stock had fallen 45% YTD 

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))