Oportun Financial: Q2 Earnings Insights

Oportun Financial OPRT reported its Q2 earnings results on Monday, August 8, 2022 at 04:05 PM.

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

Oportun Financial beat estimated earnings by 22.22%, reporting an EPS of $0.11 versus an estimate of $0.09.

Revenue was up $87.50 million from the same period last year.

Last quarter the company beat on EPS by $0.99 which was followed by a 9.73% increase in the share price the next day.

Here's a look at Oportun Financial's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.59	0.72	0.44	0.05
EPS Actual	1.58	0.82	0.78	0.56
Revenue Estimate	194.08M	184.43M	152.94M	136.59M
Revenue Actual	214.70M	194.10M	159.10M	138.30M

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).

Oportun Financial management provided guidance for FY 2022, expecting earnings between $1.19 and $1.34 per share.

To track all earnings releases for Oportun Financial visit their earnings calendar here.

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

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