When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Financial Data and Key Metrics - Total revenue increased to $136.6 million, a company record for any quarter [7] - GAAP net income grew 106.4% to $32.1 million, another company record [7] - Adjusted net income increased 116.2% year-over-year to $28.8 million [7] - Annualized average yield increased by 5.4 percentage points to 133.9% [8] - Annualized net charge-off rate improved by 8.1 percentage points to 34.3% [8] - Total expenses as a percentage of total revenue decreased by 400 basis points to 41.1% [8] - Net income margin increased by 1,180 basis points to 23.5%, while adjusted net income margin expanded by 1,110 basis points to 21.1% [8] Business Line Data and Key Metrics - Total net originations increased 11.8% to $218.8 million, while total retained net originations increased 4.0% to $198.4 million [12] - 53.2% of originations were to existing customers and 46.8% were to new customers [13] - New customer originations increased by 18.8% year-over-year, while existing customer originations increased by 6.3% [13] - Annualized net charge-off rate as a percentage of average receivables decreased by 860 basis points to 45.9% [14] Market Data and Key Metrics - The company has a funding capacity of $599.2 million, including $199.4 million of unused debt capacity under financing facilities [16] Company Strategy and Industry Competition - The company has successfully executed on operational initiatives designed to ensure continued future profitability growth [9] - Plans to integrate AI-based enhancements in the operating model going into 2025 [9] - The company aims to build a leading credit access and financial services platform with a suite of digital financial service products [10] - The company made an equity investment in Bitty to enter the small business financing market [10] Management Commentary on Operating Environment and Future Outlook - The company raised full-year earnings guidance for the third time this year due to strong performance [6] - The company expects positive momentum to continue into 2025 with first-quarter adjusted net income growth in excess of 15% year-over-year [18] - The company plans to introduce full-year 2025 guidance when reporting 2024 full-year results in March [18] Other Important Information - The company has cash, cash equivalents, and restricted cash of $74.2 million, total debt of $325.6 million, and total stockholders' equity of $220.3 million as of the end of the third quarter [16] - The company increased its adjusted net income guidance for the full year 2024 to $74 million to $76 million, representing a 17% increase from the prior range [17] Q&A Session Question: Improvement in Yields - The improvement in yields is due to a combination of better credit performance, higher repayment rates, and the retirement of lower risk-based pricing initiatives [20] Question: Priorities for 2025 - The company is focused on growth, operational efficiencies, and integrating AI tools into operations [21] Question: Capital Allocation - The company is considering special dividends and strategic M&A initiatives for capital allocation [23] Question: Strategic M&A Initiatives - The company is looking for highly accretive opportunities that align with its vision of being a platform for digital alternative financial service products [26] Question: Confidence in Raising Guidance - The company is confident in raising guidance due to strong credit performance, especially in the existing book, and disciplined cost management [27] Question: Macro Catalysts - The company is monitoring potential Fed rate cuts and their impact on interest costs [28]

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 ...

| --- | --- | --- | |-------|-----------------------|-------| | | | | | | Earnings Presentation | | Disclaimer This presentation (be "Presentation () of Operf int. (Oppli" or the "Oppli" or the micrnation cortainse news top Contains theren iss tess on thir one internst on towns rece all-inclusive. This Presentation does not constitute investment, tax, or legal activice, No representation or warrants), express or implici, is or will be given by the Corpary or any d its respective affitates, directors, office ...

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 ...