Recap: OppFi Q3 Earnings
Portfolio Pulse from Benzinga Insights
OppFi (NYSE:OPFI) reported its Q3 earnings results, beating estimated earnings by 128.57% with an EPS of $0.16 versus an estimate of $0.07. Revenue was up $8.92 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 3.12% increase in the share price the next day.
November 09, 2023 | 9:15 pm
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OppFi's Q3 earnings beat estimates significantly, which could lead to a positive impact on its stock price, similar to the previous quarter when a beat on EPS led to a 3.12% increase in the share price.
OppFi's significant beat on Q3 earnings estimates and the increase in revenue YoY are positive indicators for the company's financial performance. This, coupled with the historical trend of the company's stock price increasing after beating earnings estimates, suggests a likely positive impact on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100