Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Oportun Financial Corp (OPRT)
NASDAQ:OPRT
Holding OPRT?
Track your performance easily
Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.04Last Year’s EPS
-0.54Same Quarter Last Year
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 27, 2020
|% Change Since: 26.37%
|Next Earnings Date:Nov 12, 2019
Earnings Call Sentiment|Neutral
The earnings call presented a mixture of positive achievements, such as improved credit performance, return to growth in originations, and successful cost reductions, alongside challenges like revenue decline and increased interest expenses. Overall, the company demonstrated strong operational improvements and strategic positioning for future growth, suggesting a recovery trajectory despite current financial challenges.Company Guidance
During Oportun Financial's third-quarter 2024 earnings call, the company provided guidance indicating significant improvements across various metrics. The annualized net charge-off rate improved to 11.9%, surpassing the lower end of their guidance range by 26 basis points. Originations were virtually flat year-over-year at $480 million despite decreasing average loan sizes by 18%. Operating expenses were reduced by 17% year-over-year to $102 million, with a forecast to decrease further to $97.5 million by Q4. The company reported $31 million in Adjusted EBITDA, more than doubling from the previous year and exceeding the guidance range by 21%. Oportun also highlighted a return to origination growth, aiming for a 10% year-over-year increase in Q4 2024. For full-year 2025, they expect diluted EPS between $0.25 and $0.50, adjusted EPS between $1 and $1.25, and an annualized net charge-off rate between 11% and 12%. The company emphasized its focus on credit performance, expense discipline, and growth in originations to drive profitability.Improved Credit Performance
Annualized net charge-off rate was 11.9%, 26 basis points better than the lower end of guidance. 30-plus day delinquencies were down 34 basis points year-over-year to 5.2%.
Return to Growth in Originations
Originations at $480 million during Q3 were virtually flat year-over-year, with a focus on decreasing average loan sizes, which were down 18% year-over-year.
Cost Reduction and Higher Profitability
GAAP operating expenses were $102 million, down 17% year-over-year. Adjusted EBITDA was $31 million, more than doubling last year's level and exceeding the top end of guidance by 21%.
Strategic Transactions
Closed the sale of the credit card portfolio, expected to be $2 million Adjusted EBITDA accretive this quarter and $11 million for full year 2025. Executed an agreement for a $235 million 4-year senior term loan facility.
Positive Outlook for 2025
Expectations for Diluted EPS between $0.25 and $0.50, Adjusted EPS between $1 and $1.25, and an annualized net charge-off rate between 11% and 12%.
---
OPRT 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
---
OPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $3.11 | $3.00 | -3.54% |
| Aug 08, 2024 | $2.90 | $3.08 | +6.21% |
| May 09, 2024 | $3.66 | $4.42 | +20.77% |
| Mar 12, 2024 | $4.02 | $3.65 | -9.20% |
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.
---
FAQ
When does Oportun Financial Corp (OPRT) report earnings?
Oportun Financial Corp (OPRT) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Oportun Financial Corp (OPRT) earnings time?
Oportun Financial Corp (OPRT) earnings time is at Mar 18, 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 OPRT EPS forecast?
OPRT EPS forecast for the fiscal quarter 2024 (Q4) is 0.04.
---