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OppFi (OPFI)
NYSE:OPFI
Holding OPFI?
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2021
|% Change Since: 103.70%
|Next Earnings Date:Aug 10, 2021
Earnings Call Sentiment|Positive
OppFi's Q3 2024 earnings call highlighted record-breaking net income and revenue, alongside increased full-year earnings guidance and operational efficiencies. Despite some challenges with interest expenses and seasonality in loan demand, the positive developments and strategic initiatives indicate a strong performance and future outlook.Company Guidance
During the OppFi Q3 2024 earnings call, the company announced an increase in full-year earnings guidance for the third time this year, driven by record quarterly net income and revenue. Total revenue reached $136.6 million, marking a company record, and GAAP net income grew 106.4% to $32.1 million. The adjusted net income rose 116.2% year-over-year to $28.8 million. Key performance metrics included a 5.4 percentage point increase in annualized average yield to 133.9%, an 8.1 percentage point improvement in annualized net charge-off rate to 34.3%, and a reduction in total expenses as a percentage of total revenue by 400 basis points to 41.1%. For 2024, adjusted net income guidance was raised to $74 million to $76 million, translating to adjusted earnings per share of $0.85 to $0.87. The company reiterated its full-year revenue guidance of $510 million to $530 million and announced plans for continued operational efficiency and growth initiatives through AI-based enhancements and strategic opportunities in 2025.Record Quarterly Net Income and Revenue
OppFi achieved record quarterly net income and revenue, with total revenue increasing to $136.6 million and GAAP net income growing by 106.4% to $32.1 million.
Increased Full-Year Earnings Guidance
The company raised full-year earnings guidance for the third time in 2024, with adjusted net income guidance increased to $74 million to $76 million, a 17% increase from the prior range.
Operational Efficiency and Profitability
A 5.4 percentage point increase in annualized average yield to 133.9% and an 8.1 percentage point improvement in the annualized net charge-off rate as a percentage of total revenue to 34.3%.
Successful Strategic Initiatives
OppFi successfully executed strategic initiatives, resulting in additional operational efficiencies and strengthened core business profitability.
Strong Credit Performance
The annualized net charge-off rate as a percentage of average receivables decreased by 860 basis points to 45.9%.
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OPFI 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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OPFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.41 | $6.62 | +22.37% |
| Aug 07, 2024 | $3.39 | $3.84 | +13.27% |
| May 08, 2024 | $2.70 | $3.02 | +11.85% |
| Mar 07, 2024 | $3.63 | $2.78 | -23.42% |
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 OppFi (OPFI) report earnings?
OppFi (OPFI) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is OppFi (OPFI) earnings time?
OppFi (OPFI) earnings time is at Mar 06, 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 OPFI EPS forecast?
OPFI EPS forecast for the fiscal quarter 2024 (Q4) is 0.14.
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