OppFi Inc. Sees FY23 EPS $0.34-$0.41 Vs $0.30 Est.; Revenue $500M-$520M Vs $507.9M Est.
Portfolio Pulse from Happy Mohamed
OppFi Inc. has updated its FY23 guidance, expecting EPS of $0.34-$0.41, up from the previous range of $0.28-$0.35, and revenue of $500M-$520M, indicating a 10%-15% YoY growth. The company also raised its adjusted net income forecast to $29M-$35M from the previous $24M-$30M.
August 09, 2023 | 8:22 pm
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OppFi Inc. has raised its FY23 guidance, which could positively impact its stock price.
Companies often see their stock prices increase when they raise their earnings guidance, as it indicates that they expect to perform better than previously anticipated. In this case, OppFi Inc. has raised its EPS, revenue, and adjusted net income forecasts for FY23, which could make the stock more attractive to investors.
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