OppFi Shares Drop After Q2 Adjusted Earnings Fall

MT Newswires Live
Aug 12

OppFi (OPFI) shares fell 25% in Tuesday trading after the company reported Q2 adjusted earnings late Monday of $0.33 per diluted share, down from $0.45 a year earlier.

Four analysts polled by FactSet expected $0.45.

Revenue for the quarter ended June 30 was $145.2 million, up from $142.4 million a year earlier.

Four analysts surveyed by FactSet expected $155.9 million.

The company also trimmed its full-year guidance and now expects adjusted EPS of $1.34 to $1.51 on revenue of $600 million to $625 million. Earlier the company expected adjusted EPS of $1.76 to $1.84 on revenue of $650 million to $675 million.

Four analysts surveyed by FactSet expect $1.51 on revenue of $624.8 million.

Price: 6.56, Change: -2.22, Percent Change: -25.26

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10