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OneMain (OMF) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2023, OneMain Holdings (OMF - Free Report) reported revenue of $873 million, down 1.6% over the same period last year. EPS came in at $1.01, compared to $1.87 in the year-ago quarter.
The reported revenue represents a surprise of -1.23% over the Zacks Consensus Estimate of $883.84 million. With the consensus EPS estimate being $1.24, the EPS surprise was -18.55%.
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: 7.6% versus the five-analyst average estimate of 7.6%.
Net Interest Income: $873 million compared to the $883.92 million average estimate based on six analysts.
Other income: $33 million versus $34.82 million estimated by six analysts on average.
Investment: $27 million compared to the $25.37 million average estimate based on six analysts.
Net interest income after provision for finance receivable losses: $394 million versus the six-analyst average estimate of $445.45 million.
Insurance: $112 million compared to the $112.23 million average estimate based on six analysts.
Total other revenues: $185 million versus the five-analyst average estimate of $175.91 million.
Shares of OneMain have returned +12% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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OneMain (OMF) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2023, OneMain Holdings (OMF - Free Report) reported revenue of $873 million, down 1.6% over the same period last year. EPS came in at $1.01, compared to $1.87 in the year-ago quarter.
The reported revenue represents a surprise of -1.23% over the Zacks Consensus Estimate of $883.84 million. With the consensus EPS estimate being $1.24, the EPS surprise was -18.55%.
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: 7.6% versus the five-analyst average estimate of 7.6%.
- Net Interest Income: $873 million compared to the $883.92 million average estimate based on six analysts.
- Other income: $33 million versus $34.82 million estimated by six analysts on average.
- Investment: $27 million compared to the $25.37 million average estimate based on six analysts.
- Net interest income after provision for finance receivable losses: $394 million versus the six-analyst average estimate of $445.45 million.
- Insurance: $112 million compared to the $112.23 million average estimate based on six analysts.
- Total other revenues: $185 million versus the five-analyst average estimate of $175.91 million.
View all Key Company Metrics for OneMain here>>>Shares of OneMain have returned +12% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.