earnings
confidence medium
sentiment positive
materiality 0.75
OppFi preliminary Q3 earnings beat consensus; full-year guidance to be raised
OppFi Inc.
2023-Q3 EPS reported
$0.29
- Preliminary Q3 earnings significantly beat analyst consensus estimate, per CEO Todd Schwartz.
- Revenue grew year over year on higher-quality originations and stronger customer payment activity.
- Net charge-off rate decreased as a percentage of total revenue year over year.
- Company expects to raise full-year 2023 earnings guidance for the third time on Nov 9 call.