Oportun Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Oportun Financial Corp OPRT.OQ reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of eight analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 16 cents to 27 cents per share.

• Revenue rose 87.2% to $468.70 million from a year ago; analysts expected $240.01 million.

• Oportun Financial Corp's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of $6.9 million.

• Oportun Financial Corp shares had fallen by 11.6% this quarter and gained 63.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for Oportun Financial Corp is $10.00, about 36.6% above its last closing price of $6.34

This summary was machine generated from LSEG data August 7 at 01:29 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)