Oportun Financial reports Q3 adjusted EPS 39c, consensus 27c

Reports Q3 revenue $238.7M, consensus $238.51M. “Our third quarter results were strong, marking our fourth consecutive quarter of GAAP profitability as we delivered a $35 million year-over-year increase in net income,” said Raul Vazquez, CEO of Oportun. “We continued to make progress toward our long-term ROE target range of 20% to 28%, delivering meaningful gains in both Return on Equity and Adjusted ROE. We also grew Adjusted EBITDA 31% year-over-year to $41 million, exceeding the high end of our guidance range.”