Oportun Financial Corp (OPRT) Q3 2024 Earnings Report Preview: What To Expect

Author's Avatar
Nov 11, 2024
Article's Main Image

Oportun Financial Corp (OPRT, Financial) is set to release its Q3 2024 earnings on Nov 12, 2024. The consensus estimate for Q3 2024 revenue is $249.58 million, and the earnings are expected to come in at -$0.22 per share. The full year 2024's revenue is expected to be $1.00 billion and the earnings are expected to be -$1.74 per share. More detailed estimate data can be found on the Forecast page.

Oportun Financial Corp (OPRT, Financial) Estimates Trends

Over the past 90 days, full-year 2024 revenue estimates for Oportun Financial Corp (OPRT) have been revised from $1.00 billion to $1.00 billion. For 2025, revenue estimates have seen a reduction from $1.09 billion to $1.06 billion. Earnings estimates for 2024 have worsened, moving from -$1.13 per share to -$1.74 per share. For 2025, earnings estimates remain unchanged at $0.46 per share.

Oportun Financial Corp (OPRT, Financial) Reported History

In the previous quarter of June 30, 2024, Oportun Financial Corp's (OPRT) actual revenue was $250.4 million, which beat analysts' revenue expectations of $245.27 million by 2.09%. Oportun Financial Corp's (OPRT) actual earnings were -$0.78 per share, which missed analysts' earnings expectations of -$0.325 per share by 140%. After releasing the results, Oportun Financial Corp (OPRT) was up by 6.21% in one day.

1855949159778119680.png

Oportun Financial Corp (OPRT, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 2 analysts, the average target price for Oportun Financial Corp (OPRT) is $5.75 with a high estimate of $8 and a low estimate of $3.5. The average target implies an upside of 86.69% from the current price of $3.08.

Based on GuruFocus estimates, the estimated GF Value for Oportun Financial Corp (OPRT, Financial) in one year is $2.64, suggesting a downside of 14.29% from the current price of $3.08.

Based on the consensus recommendation from 4 brokerage firms, Oportun Financial Corp's (OPRT, Financial) average brokerage recommendation is currently 2.8, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 denotes a Sell.

1855949218481598464.png

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.