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OneMain (OMF) Reports Q3 Earnings: What Key Metrics Have to Say
OneMain Holdings (OMF - Free Report) reported $981 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 9%. EPS of $1.26 for the same period compares to $1.57 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $970.61 million, representing a surprise of +1.07%. The company delivered an EPS surprise of +6.78%, with the consensus EPS estimate being $1.18.
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: 7.3% compared to the 7.4% average estimate based on three analysts.
- Net Interest Income: $981 million compared to the $972.69 million average estimate based on five analysts.
- Insurance: $111 million compared to the $116.97 million average estimate based on five analysts.
- Net interest income after provision for finance receivable losses: $469 million versus the five-analyst average estimate of $478.19 million.
- Investment: $24 million compared to the $29.42 million average estimate based on five analysts.
- Total other revenues: $182 million versus the four-analyst average estimate of $184.51 million.
- Other income: $42 million versus the two-analyst average estimate of $34.06 million.
View all Key Company Metrics for OneMain here>>>Shares of OneMain have returned +3.9% over the past month versus the Zacks S&P 500 composite's +1.8% 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.