Oportun Financial OPRT reported its Q2 earnings results on Monday, August 8, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Oportun Financial beat estimated earnings by 22.22%, reporting an EPS of $0.11 versus an estimate of $0.09.
Revenue was up $87.50 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.99 which was followed by a 9.73% increase in the share price the next day.
Here's a look at Oportun Financial's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.59 | 0.72 | 0.44 | 0.05 |
| EPS Actual | 1.58 | 0.82 | 0.78 | 0.56 |
| Revenue Estimate | 194.08M | 184.43M | 152.94M | 136.59M |
| Revenue Actual | 214.70M | 194.10M | 159.10M | 138.30M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Oportun Financial management provided guidance for FY 2022, expecting earnings between $1.19 and $1.34 per share.
To track all earnings releases for Oportun Financial visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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