OPFI Earnings Prediction
The chart below shows how OPFI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OPFI sees a -4.32% change in stock price 10 days leading up to the earnings, and a +3.46% change 10 days following the report. On the earnings day itself, the stock moves by +3.29%. This data can give you a slight idea of what to expect for the next quarter's release.
OPFI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
134.87M
3.60%
8.22%
Gross Margin
--
--
--
Operating Margin
68.11%
4.35%
5.53%
Net Margin
23.77%
99.25%
7.02%
EPS
0.21
61.54%
31.25%
No Data Available
OPFI Earnings Analysis
OppFi Inc. Corporation (OPFI.N) Earnings Conference Call
Positive
Record Revenue Milestone: 1. Record Revenue Achievement: Total revenue reached $136.6 million, marking a 2.6% year-over-year increase and setting a company record for any quarter.
Net Income Surge: 2. Significant Net Income Growth: GAAP net income grew by 106.4% to $32.1 million, another record for OppFi, while adjusted net income increased by 116.2% year-over-year to $28.8 million.
Yield and Charge-Off Improvement: 3. Improved Yield and Charge-Off Rates: The annualized average yield increased by 5.4 percentage points to 133.9%, and the annualized net charge-off rate improved by 8.1 percentage points to 34.3% as a percentage of total revenue.
Expense Management Improvement: 4. Operational Efficiency Gains: Total expenses decreased to $56.1 million, representing 41.1% of total revenue, down from 45.1% in the prior year, reflecting a 400 basis point improvement in expense management.
Revised Income Guidance: 5. Increased Full Year Guidance: Adjusted net income guidance for 2024 was raised to $74 million to $76 million, a 17% increase from the previous range, indicating strong confidence in future performance.
Negative
Charge-Off Rate Analysis: 1. High Charge-Off Rates: The annualized net charge-off rate as a percentage of average receivables was 45.9%, a decrease of only 860 basis points from 54.5% in the prior year, indicating persistent credit risk.
Debt Concerns and Stability: 2. Significant Debt Levels: Total debt stood at $325.6 million, which raises concerns about the company's leverage and financial stability given its cash and cash equivalents of only $74.2 million.
Retained Originations Slowdown: 3. Low Retained Originations Growth: Total retained net originations increased by only 4.0% to $198.4 million, suggesting a slowdown in the company's ability to retain loans compared to the overall growth in originations.
High Operational Costs: 4. High Operating Expenses: Despite a decrease in total expenses as a percentage of revenue to 41.1%, total expenses were still $56.1 million, indicating ongoing high operational costs that could impact profitability.
Customer Acquisition Challenges: 5. Limited New Customer Growth: New customer originations increased by only 18.8% year-over-year, which is significantly lower than the 11.8% increase in total net originations, suggesting challenges in expanding the customer base.
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OPFI Earning Call Sentiment
OppFi, Inc (OPFI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
OPFI.N
0.22%Positive
The earnings call summary suggests positive financial performance with increased net income and EPS guidance, despite competitive and regulatory risks. The Q&A session highlighted operational efficiencies and strategic capital allocation, with some vagueness in M&A strategy. The strong financial metrics and optimistic guidance outweigh the risks, suggesting a positive stock price movement.