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OneMain (OMF) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2024, OneMain Holdings (OMF - Free Report) reported revenue of $896 million, up 4.8% over the same period last year. EPS came in at $1.45, compared to $1.46 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $907.93 million, representing a surprise of -1.31%. The company delivered an EPS surprise of +5.07%, with the consensus EPS estimate being $1.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 8.6% versus 8.4% estimated by three analysts on average.
Net Interest Income: $8 million versus the five-analyst average estimate of $904.23 million.
Insurance: $112 million versus $115.39 million estimated by five analysts on average.
Net interest income after provision for finance receivable losses: $465 million versus $470.94 million estimated by five analysts on average.
Investment: $32 million compared to the $29.79 million average estimate based on five analysts.
Total other revenues: $180 million compared to the $179.39 million average estimate based on four analysts.
Other income: $30 million versus $28.97 million estimated by two analysts on average.
Shares of OneMain have returned +1.2% over the past month versus the Zacks S&P 500 composite's -2.5% 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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OneMain (OMF) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2024, OneMain Holdings (OMF - Free Report) reported revenue of $896 million, up 4.8% over the same period last year. EPS came in at $1.45, compared to $1.46 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $907.93 million, representing a surprise of -1.31%. The company delivered an EPS surprise of +5.07%, with the consensus EPS estimate being $1.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 8.6% versus 8.4% estimated by three analysts on average.
- Net Interest Income: $8 million versus the five-analyst average estimate of $904.23 million.
- Insurance: $112 million versus $115.39 million estimated by five analysts on average.
- Net interest income after provision for finance receivable losses: $465 million versus $470.94 million estimated by five analysts on average.
- Investment: $32 million compared to the $29.79 million average estimate based on five analysts.
- Total other revenues: $180 million compared to the $179.39 million average estimate based on four analysts.
- Other income: $30 million versus $28.97 million estimated by two analysts on average.
View all Key Company Metrics for OneMain here>>>Shares of OneMain have returned +1.2% over the past month versus the Zacks S&P 500 composite's -2.5% 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.