Recap: OppFi Q1 Earnings

OppFi OPFI reported its Q1 earnings results on Thursday, May 11, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

OppFi beat estimated earnings by 600.0%, reporting an EPS of $0.05 versus an estimate of $-0.01.

Revenue was up $19.66 million from the same period last year.

Last quarter the company missed on EPS by $0.09 which was followed by a 2.12% increase in the share price the next day.

Here's a look at OppFi's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.10	-0.06	0.06	0.01
EPS Actual	-0.19	0.01	0.08	0.01
Revenue Estimate	109.73M	108.76M	102.80M	90.27M
Revenue Actual	120.03M	124.24M	107.88M	100.71M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

OppFi management provided guidance for FY 2023, expecting earnings between $0.28 and $0.35 per share.

To track all earnings releases for OppFi visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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