* Oportun Financial Corp reported quarterly adjusted earnings of 2 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -46 cents. The mean expectation of four analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from -6 cents to 15 cents per share.
* Revenue fell 6.8% to $250.00 million from a year ago; analysts expected $249.58 million.
* Oportun Financial Corp's reported EPS for the quarter was a loss of 75 cents.
* The company reported a quarterly loss of $30 million.
* Oportun Financial Corp shares had risen by 13.9% this quarter and lost 18.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 42.9% 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 November 12 at 11:16 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
Sep. 30 2024 0.04 0.02 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
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