Oportun Financial Q2 Adj $0.08 Beats $(0.15) Estimate, Sales $250.40M Beat $246.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oportun Financial (NASDAQ: OPRT) reported Q2 earnings of $0.08 per share, significantly beating the analyst estimate of $(0.15). Sales were $250.40 million, also surpassing the $246.05 million estimate. Despite the positive earnings surprise, sales decreased by 6.08% compared to the same period last year.
August 08, 2024 | 8:23 pm
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Oportun Financial reported Q2 earnings of $0.08 per share, beating the $(0.15) estimate. Sales were $250.40 million, surpassing the $246.05 million estimate. However, sales decreased by 6.08% year-over-year.
The significant earnings beat and sales surpassing estimates are positive indicators for Oportun Financial's stock price in the short term. However, the year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100