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OneMain Holdings (OMF)
NYSE:OMF
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.15Last Year’s EPS
1.39Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 17.47%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in capital generation, revenue growth, and credit trends. However, challenges such as a decline in net income and increased provision expenses were also noted. The company is optimistic about future growth, particularly in the auto finance and credit card sectors.Company Guidance
During the OneMain Financial Q3 2024 earnings call, the company provided guidance on several key metrics. The management highlighted a year-over-year receivables growth of 11%, driven by a 13% increase in loan originations and an expanded product offering. The credit outlook was positive, with a 30- to 89-day delinquency rate of 3.01%, down 27 basis points year-to-date. Net charge-offs stood at 7.5%, reflecting a 100 basis point decrease from the previous quarter. The company also issued $750 million in unsecured social bonds, bolstering its funding strategy. For the full year, OneMain projected managed receivables of at least $24.5 billion, revenue growth at the higher end of the range, an interest expense of around 5.2%, and net charge-offs at the higher end of the 7.7% to 8.3% range. The operating expense ratio was expected to be approximately 6.7%. This guidance suggests a focus on maintaining disciplined underwriting, leveraging data analytics, and strategically managing capital to drive future growth and shareholder value.Strong Capital Generation and Earnings
Capital generation was $211 million, and C&I adjusted earnings were $1.26 per share, both up significantly from last quarter.
Growth in Receivables and Revenue
Receivables grew 11% year-over-year, driven by an increase in loan originations and expanded product offerings, while total revenue grew 8%.
Improvement in Credit Trends
30- to 89-day delinquency was 3.01%, down 27 basis points year-to-date, indicating better-than-normal seasonal trends.
Successful Unsecured Social Bonds Issuance
Completed a $750 million unsecured social bond at an interest rate of just over 7%.
Expansion in Auto Finance and Credit Card Segments
Auto finance receivables were $2.3 billion, and 122,000 new credit card accounts were added, with $84 million in receivables during the quarter.
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OMF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OMF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $46.60 | $50.95 | +9.33% |
| Jul 31, 2024 | $50.98 | $50.13 | -1.67% |
| Apr 30, 2024 | $47.80 | $48.98 | +2.47% |
| Feb 07, 2024 | $43.66 | $41.29 | -5.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does OneMain Holdings (OMF) report earnings?
OneMain Holdings (OMF) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is OneMain Holdings (OMF) earnings time?
OneMain Holdings (OMF) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OMF EPS forecast?
OMF EPS forecast for the fiscal quarter 2024 (Q4) is 1.15.
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