Oportun Financial Q1 2024 Adj EPS $0.09 Beats $(0.27) Estimate, Sales $250.500M Beat $240.524M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oportun Financial (NASDAQ:OPRT) reported Q1 2024 earnings of $0.09 per share, surpassing the $(0.27) estimate, marking a 133.33% beat and a significant turnaround from last year's $(1.70) per share loss. Sales reached $250.5M, exceeding the $240.524M forecast by 4.15%, despite a 3.47% decrease from the previous year's $259.5M.
May 09, 2024 | 9:34 pm
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Oportun Financial reported a significant earnings beat and sales growth for Q1 2024, with EPS at $0.09 against a $(0.27) estimate and sales of $250.5M surpassing the $240.524M estimate.
Oportun Financial's significant beat on both earnings per share and sales estimates for Q1 2024 indicates a strong financial performance and a positive turnaround from the previous year's losses. This outperformance is likely to instill investor confidence and could lead to a short-term positive impact on OPRT's stock price, given the better-than-expected financial health and growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100