OppFi (NYSE:OPFI) Updates Q3 2024 Earnings Guidance

OppFi (NYSE:OPFI) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.200-0.220 for the period, compared to the consensus estimate of 0.170. The company issued revenue guidance of -. OppFi also updated its FY 2024 guidance to 0.730-0.750 EPS.

Analyst Ratings Changes

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

OppFi Stock Performance

NYSE OPFI traded up $0.40 during trading hours on Wednesday, reaching $3.79. The stock had a trading volume of 359,807 shares, compared to its average volume of 270,001. OppFi has a 52-week low of $2.04 and a 52-week high of $5.34. The stock has a fifty day moving average of $3.52 and a 200 day moving average of $3.22. The stock has a market cap of $421.67 million, a P/E ratio of 63.17 and a beta of 1.20.

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

About OppFi

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.