Stonegate Capital Partners Updates 3Q24 Report on OppFi, Inc. (OPFI)November 08, 2024 9:11 AM EST | Source: Reportable, Inc.Dallas, Texas--(Newsfile Corp. - November 8, 2024) - OppFi, Inc. (NYSE: OPFI): Stonegate Capital Partners updates coverage on OppFi (NYSE: OPFI). OppFi reported revenue, adj. Net Income, and adj. EPS of $136.6M, $31.5M, and $0.36, respectively. This compares to our/consensus estimates of $130.1M/$130.8M, $17.9M/$17.2M, and $0.21/$0.20. Net revenue margin was 66.7% for the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________________________ FORM 10-Q __________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Class A common stock, par value $0.0001 per share OPFI New York Stock Exchange Warrants, each whole warrant exercis ...

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 ...

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Earnings Release Schedule - OppFi Inc (OPFI) is scheduled to release its third-quarter 2024 results on November 7, before market open [1] OppFi's Earnings History and Expectations - OPFI has surpassed the Zacks Consensus Estimate in the past four quarters, with an average surprise of 128.4% [2] - Operational and credit initiatives are expected to drive strong loss payment, recovery performance, improved operating performance, and net profit margin in Q3 2024 [3] - Customer originations are likely to have benefited from strategic credit and marketing initiatives aimed at driving lower-risk new origination [3] Q3 2024 Financial Estimates - The Zacks Consensus Estimate for Q3 2024 revenues is $128.9 million, indicating a 3.2% decrease from the year-ago quarter [4] - The consensus estimate for earnings is 21 cents per share, suggesting 31.3% growth from the year-ago quarter [4] - The bottom line is anticipated to be fueled by operational efficiency, stronger credit performance, and disciplined expense management [4] Earnings Prediction Model - The model does not conclusively predict an earnings beat for OPFI this quarter [5] - OPFI currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 [5] Other Stocks to Watch - BlackSky Technology (BKSY) has a Zacks Consensus Estimate for Q3 2024 revenues of $26.9 million, indicating 26.7% growth from the year-ago quarter [7] - BKSY's consensus mark for loss is 61 cents per share, compared to a loss of 96 cents in the year-ago quarter [7] - BKSY has an Earnings ESP of +29.21% and a Zacks Rank of 2 [8] - Genpact (G) has a Zacks Consensus Estimate for Q3 2024 revenues of $1.2 million, indicating 4.5% growth from the year-ago quarter [9] - G's consensus estimate for earnings is 80 cents per share, suggesting a 5.3% increase from the year-ago quarter [9] - Genpact has an Earnings ESP of +1.04% and a Zacks Rank of 3 [10]

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 ...