Advertisement
Canada markets closed

  • S&P/TSX

    21,639.10
    -59.01 (-0.27%)
     

  • S&P 500

    5,431.60
    -2.14 (-0.04%)
     

  • DOW

    38,589.16
    -57.94 (-0.15%)
     

  • CAD/USD

    0.7281
    +0.0001 (+0.02%)
     

  • CRUDE OIL

    78.49
    -0.13 (-0.17%)
     

  • Bitcoin CAD

    91,066.14
    +1,048.09 (+1.16%)
     

  • CMC Crypto 200

    1,404.54
    -13.34 (-0.94%)
     

  • GOLD FUTURES

    2,348.40
    +30.40 (+1.31%)
     

  • RUSSELL 2000

    2,006.16
    -32.75 (-1.61%)
     

  • 10-Yr Bond

    4.2130
    -0.0250 (-0.59%)
     

  • NASDAQ

    17,688.88
    +21.32 (+0.12%)
     

  • VOLATILITY

    12.66
    +0.72 (+6.03%)
     

  • FTSE

    8,146.86
    -16.81 (-0.21%)
     

  • NIKKEI 225

    38,814.56
    +94.09 (+0.24%)
     

  • CAD/EUR

    0.6798
    +0.0024 (+0.35%)
     

Here's What Key Metrics Tell Us About Oportun Financial (OPRT) Q1 Earnings

Zacks Equity Research
·2 min read

For the quarter ended March 2024, Oportun Financial Corporation (OPRT) reported revenue of $250.5 million, down 3.5% over the same period last year. EPS came in at $0.09, compared to -$2.60 in the year-ago quarter.

The reported revenue represents a surprise of +0.24% over the Zacks Consensus Estimate of $249.9 million. With the consensus EPS estimate being -$0.12, the EPS surprise was +175.00%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Oportun Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- Non-interest income: $19.90 million versus the three-analyst average estimate of $17.34 million.

  • Revenue- Interest income: $230.60 million versus $223.48 million estimated by three analysts on average.

  • Non-interest income- Servicing fees: $3.41 million compared to the $3.11 million average estimate based on two analysts.

View all Key Company Metrics for Oportun Financial here>>>

Shares of Oportun Financial have returned +57.1% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Oportun Financial Corporation (OPRT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research