Oportun Financial (OPRT) Scheduled to Post Quarterly Earnings on Thursday

Oportun Financial (NASDAQ:OPRT) is set to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Oportun Financial to post earnings of ($0.12) per share for the quarter. Oportun Financial has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.06). Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. The company had revenue of $262.60 million for the quarter, compared to analyst estimates of $261.64 million. On average, analysts expect Oportun Financial to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Oportun Financial Trading Up 2.6 %

OPRT stock opened at $3.60 on Tuesday. The stock has a 50-day simple moving average of $2.93 and a 200-day simple moving average of $3.41. Oportun Financial has a 1 year low of $2.05 and a 1 year high of $7.73.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of Oportun Financial from a “buy” rating to a “hold” rating and dropped their price objective for the company from $9.00 to $3.50 in a research note on Thursday, March 14th. Keefe, Bruyette & Woods cut their price objective on shares of Oportun Financial from $4.50 to $4.00 and set a “market perform” rating on the stock in a report on Thursday, March 14th. B. Riley lowered their target price on Oportun Financial from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, JMP Securities reaffirmed a “market perform” rating and set a $6.50 target price on shares of Oportun Financial in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.00.

About Oportun Financial

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.