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STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Here's What Key Metrics Tell Us About OneMain (OMF) Q1 Earnings

Zacks Equity Research
·2 min read

OneMain Holdings (OMF) reported $855 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 7.7%. EPS of $1.46 for the same period compares to $2.36 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $864.65 million, representing a surprise of -1.12%. The company delivered an EPS surprise of -8.18%, with the consensus EPS estimate being $1.59.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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

  • Net charge-off ratio: 7.72% compared to the 7.71% average estimate based on five analysts.

  • Net Interest Income: $855 million versus $863.17 million estimated by six analysts on average.

  • Other income: $24 million versus $31.83 million estimated by six analysts on average.

  • Investment: $25 million versus $21.83 million estimated by six analysts on average.

  • Net interest income after provision for finance receivable losses: $470 million compared to the $483.66 million average estimate based on six analysts.

  • Insurance: $111 million versus $111.26 million estimated by six analysts on average.

  • Total other revenues: $177 million versus the five-analyst average estimate of $168.12 million.

View all Key Company Metrics for OneMain here>>>

Shares of OneMain have returned +9.4% over the past month versus the Zacks S&P 500 composite's +4.3% 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.

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OneMain Holdings, Inc. (OMF) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research