OppFi Inc. (OPFI) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 57.14%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.29, delivering a surprise of 70.59%.Over the last four quarters, the company has s ...

OppFi Inc. (OPFI) shares rallied 7.7% in the last trading session to close at $5.19. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.6% gain over the past four weeks.The upside can be attributed to the company’s competitive advantages that stem from its digitally-native solution and proprietary risk models, which enable scalable and cost-efficient operations. It leverages modern technology stack and iterat ...

Investors in OppFi Inc. (OPFI) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $7.50 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

OppFi Inc. (OPFI) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price m ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...

. Stonegate Capital Partners Updates 2Q24 Report on OppFi, Inc. (OPFI) August 08, 2024 9:16 AM EDT | Source: Reportable, Inc. Dallas, Texas--(Newsfile Corp. - August 8, 2024) - OppFi, Inc. (NYSE: OPFI) : Stonegate Capital Partners Updates Coverage on OppFi (NYSE: OPFI). To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Guidance Raised Year-over-year revenue margin expansion of 743bps Acquisition completed of a 35% equity interest in BittyAdvance Click i ...

A Tech-Enabled, Mission-Driven Specialty Finance Platform that Broadens the Reach of Community Banks to Extend Credit Access to Everyday Americans Q2 2024 Earnings Presentation August 7, 2024 This presentation (the "Presentation") of OppFi Inc. ("OppFi" or the "Company") is for information purposes only. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, the Company makes no representat ...

Financial Data and Key Metrics Changes - Total revenue increased by 3.1% year-over-year to $126.3 million, marking a company record for a second quarter [5][11] - GAAP net income grew by 53.1% to $27.7 million, another record for a second quarter [5] - Adjusted net income increased by 56.2% year-over-year to $24.8 million, also a record for a second quarter [5] - Net income margin increased by 710 basis points to 21.9%, while adjusted net income margin expanded by 660 basis points to 19.6% [5] - Free cash flow generated in Q2 was $18 million, contributing to a solid balance sheet [6] Business Line Data and Key Metrics Changes - Total net originations increased by 2.4% to $205.5 million, with a 600 basis point improvement in total revenue yield to 134.8% [11] - Retained net originations decreased by 3.1% to $189.3 million due to a bank partner retaining a larger portion of loans [11] - New customer originations increased by 4.4% year-over-year, while existing customer originations increased by 0.9% [12] Market Data and Key Metrics Changes - The annualized net charge-off rate as a percentage of average receivables decreased by 280 basis points to 43.8% [12] - The annualized net charge-off rate as a percentage of total revenue decreased by 370 basis points to 32.5% [12] Company Strategy and Development Direction - The company is focusing on expanding into adjacent verticals, including small business financing, to facilitate credit access [6][10] - The recent investment in Bitty Advance is seen as a foundational step in establishing a small business financing vertical [8][10] - The company aims to build a leading credit access and financial services business with a suite of digital financial service products [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in growth opportunities due to improved credit performance and operational efficiencies [3][9] - The company raised its full-year earnings guidance by more than 20% and expects adjusted net income of $63 million to $65 million [14] - Management is monitoring macroeconomic factors such as inflation and unemployment, which could impact underwriting and credit performance [26] Other Important Information - The company paid down $10 million of debt and returned cash to stockholders through a special dividend and share repurchases [9][10] - The company has a healthy balance sheet with $80.8 million in cash and $301.8 million in total debt as of the end of Q2 [13] Q&A Session Summary Question: How much of the yield increase was due to mix versus pricing? - Management indicated that the yield increase was largely due to improved credit performance and strong repayment rates, along with the cessation of certain pricing tests [17] Question: Does the lower credit losses mean the company can accelerate growth? - Management confirmed that they are starting to feel confident about growth in the second half of the year, supported by a new underwriting model [18] Question: Any updates on the competitive environment? - Management noted ongoing competition but emphasized their focus on core customers and delivering value [19] Question: Are there any synergies expected from the Bitty transaction? - Management expressed optimism about synergies from the Bitty acquisition, highlighting complementary skill sets and potential for growth in the small business financing market [22][23] Question: What does the acquisition cost look like for new customers? - Management reported a 3% decrease in acquisition costs year-over-year, indicating disciplined spending [25] Question: How does the company factor macroeconomic changes into underwriting? - Management acknowledged inflation as a concern but noted potential benefits from lower interest costs if the Fed cuts rates [26]

OppFi Inc. (OPFI) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 70.59%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.10, delivering a surprise of 100%. Over the last four quarters, the company has su ...