OppFi (NYSE:OPFI) Releases FY 2024 Earnings Guidance

OppFi (NYSE:OPFI) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.730-0.750 for the period, compared to the consensus estimate of 0.600. The company issued revenue guidance of $510.0 million-$530.0 million, compared to the consensus revenue estimate of $518.9 million. OppFi also updated its Q3 2024 guidance to 0.200-0.220 EPS.

OppFi Stock Up 11.8 %

Shares of OPFI traded up $0.40 during trading hours on Wednesday, reaching $3.79. 359,807 shares of the company traded hands, compared to its average volume of 270,001. The stock has a market capitalization of $421.67 million, a P/E ratio of 60.50 and a beta of 1.20. OppFi has a 12-month low of $2.04 and a 12-month high of $5.34. The business has a fifty day moving average price of $3.52 and a 200-day moving average price of $3.22.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. OppFi had a net margin of 0.83% and a return on equity of 25.16%. The company had revenue of $127.34 million for the quarter, compared to analyst estimates of $122.32 million. As a group, research analysts predict that OppFi will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JMP Securities reiterated a market outperform rating and issued a $5.00 price objective on shares of OppFi in a research report on Wednesday, April 17th.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.