OppFi Inc Affirmed FY24 Revenue of $510M-$530M Vs $520.12M Est, Expects Adj EPS of $0.58-$0.62 (Prior $0.53-$0.57) Vs $0.55 Est
Portfolio Pulse from Benzinga Newsdesk
OppFi Inc has updated its FY24 revenue guidance to $510M-$530M, aligning with the $520.12M estimate. The company also raised its adjusted EPS forecast to $0.58-$0.62, up from the prior $0.53-$0.57, against a $0.55 estimate. Adjusted net income expectations were increased to $50M-$54M from the previous $46M-$49M.
May 08, 2024 | 9:52 am
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OppFi Inc has raised its FY24 revenue and adjusted EPS forecasts, indicating a positive outlook on its financial performance.
Raising both revenue and EPS forecasts suggests that OppFi Inc is confident about its growth and profitability in FY24. This positive adjustment is likely to be well-received by investors, potentially leading to a short-term increase in stock price as it beats prior EPS estimates and aligns with revenue expectations.
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