Oportun Financial (OPRT) Set to Announce Earnings on Thursday

Oportun Financial (NASDAQ:OPRT) will be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Oportun Financial has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.06). The company had revenue of $262.60 million for the quarter, compared to analysts’ expectations of $261.64 million. Oportun Financial had a negative net margin of 17.02% and a negative return on equity of 31.58%. On average, analysts expect Oportun Financial to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Oportun Financial Trading Up 1.4 %

Shares of NASDAQ:OPRT opened at $3.65 on Wednesday. The stock has a fifty day simple moving average of $2.92 and a two-hundred day simple moving average of $3.39. The stock has a market capitalization of $129.90 million, a price-to-earnings ratio of -0.72 and a beta of 1.13. Oportun Financial has a 12-month low of $2.05 and a 12-month high of $7.73.

Analyst Upgrades and Downgrades

OPRT has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered their price objective on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating for the company in a research note on Thursday, March 14th. B. Riley lowered their price objective on Oportun Financial from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. JMP Securities restated a “market perform” rating and issued a $6.50 price target on shares of Oportun Financial in a research note on Friday, March 15th. Finally, Jefferies Financial Group cut Oportun Financial from a “buy” rating to a “hold” rating and decreased their price target for the stock from $9.00 to $3.50 in a research note on Thursday, March 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.00.

About Oportun Financial

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.