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Oportun Financial Corp (OPRT)
NASDAQ:OPRT
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 34.69%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with significant improvements in profitability, credit performance, and cost management. While there were some revenue declines and one-time financial impacts, the overall outlook for 2025 is optimistic, with expectations for continued profitability and growth.Company Guidance
During the fourth quarter 2024 earnings call, Oportun Financial provided a comprehensive overview of its financial performance and offered guidance for the upcoming year. The company reported a return to GAAP profitability with a net income of $9 million and an adjusted ROE of 25%, reflecting a $30 million year-over-year improvement in adjusted net income. Originations grew by 19% year-over-year, totaling $522 million, while operating expenses were reduced by 31% to $89 million. The net charge-off rate improved by 55 basis points to 11.7%, and 30-plus day delinquencies decreased by 113 basis points to 4.8%. Looking ahead to 2025, Oportun projects total revenue between $945 million and $970 million, an annualized net charge-off rate of 11.5%, and adjusted EPS between $1.10 and $1.30, a significant increase from 2024's $0.72. The company aims to achieve an adjusted ROE in the teens, driven by 10% to 15% growth in originations and a 5% reduction in operating expenses.Return to GAAP Profitability
Oportun reported a GAAP net income of $9 million for Q4 2024, a $51 million improvement year-over-year, achieving a quarterly GAAP ROE of 10%.
Strong Originations Growth
Q4 2024 originations were $522 million, marking a 19% year-over-year growth, with a 23% increase in the number of loans originated.
Improved Credit Performance
The net charge-off rate improved by 55 basis points year-over-year to 11.7%, the lowest level since Q3 2022.
Expense Reduction
Operating expenses were reduced by 31% year-over-year, coming in at $89 million, the lowest since Q2 2019.
Adjusted EPS and EBITDA Growth
Adjusted EPS of $0.49 showed a significant increase from the previous year, and adjusted EBITDA grew by 315% year-over-year to $41 million.
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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
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OPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $5.91 | $6.40 | +8.29% |
| 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% |
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 Oportun Financial Corp (OPRT) report earnings?
Oportun Financial Corp (OPRT) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Oportun Financial Corp (OPRT) earnings time?
Oportun Financial Corp (OPRT) earnings time is at May 12, 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 2025 (Q1) is 0.06.
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