OppFi OPFI reported its Q1 earnings results on Thursday, May 11, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
OppFi beat estimated earnings by 600.0%, reporting an EPS of $0.05 versus an estimate of $-0.01.
Revenue was up $19.66 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.09 which was followed by a 2.12% increase in the share price the next day.
Here's a look at OppFi's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | -0.10 | -0.06 | 0.06 | 0.01 |
EPS Actual | -0.19 | 0.01 | 0.08 | 0.01 |
Revenue Estimate | 109.73M | 108.76M | 102.80M | 90.27M |
Revenue Actual | 120.03M | 124.24M | 107.88M | 100.71M |
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
OppFi management provided guidance for FY 2023, expecting earnings between $0.28 and $0.35 per share.
To track all earnings releases for OppFi visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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