OneMain Holdings (OMF - Free Report) reported $917 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.9%. EPS of $1.39 for the same period compares to $1.56 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $913.9 million, representing a surprise of +0.34%. The company delivered an EPS surprise of +2.96%, with the consensus EPS estimate being $1.35.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how OneMain performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net charge-off ratio: 7.7% compared to the 7.7% average estimate based on four analysts.
- Net Interest Income: $915 million compared to the $961.69 million average estimate based on six analysts.
- Net interest income after provision for finance receivable losses: $469 million versus $465.67 million estimated by six analysts on average.
- Insurance: $113 million compared to the $115.20 million average estimate based on six analysts.
- Investment: $32 million compared to the $30.16 million average estimate based on six analysts.
- Total other revenues: $185 million versus $182.36 million estimated by five analysts on average.
- Other income: $30 million versus the four-analyst average estimate of $30.15 million.
View all Key Company Metrics for OneMain here>>>Shares of OneMain have returned -3.6% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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OneMain Holdings (OMF - Free Report) reported $917 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.9%. EPS of $1.39 for the same period compares to $1.56 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $913.9 million, representing a surprise of +0.34%. The company delivered an EPS surprise of +2.96%, with the consensus EPS estimate being $1.35.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how OneMain performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net charge-off ratio: 7.7% compared to the 7.7% average estimate based on four analysts.
- Net Interest Income: $915 million compared to the $961.69 million average estimate based on six analysts.
- Net interest income after provision for finance receivable losses: $469 million versus $465.67 million estimated by six analysts on average.
- Insurance: $113 million compared to the $115.20 million average estimate based on six analysts.
- Investment: $32 million compared to the $30.16 million average estimate based on six analysts.
- Total other revenues: $185 million versus $182.36 million estimated by five analysts on average.
- Other income: $30 million versus the four-analyst average estimate of $30.15 million.
View all Key Company Metrics for OneMain here>>>Shares of OneMain have returned -3.6% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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