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OneMain (OMF) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, OneMain Holdings (OMF - Free Report) reported revenue of $922 million, up 5.6% over the same period last year. EPS came in at $1.02, compared to $1.01 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $918.74 million, representing a surprise of +0.36%. The company delivered an EPS surprise of +13.33%, with the consensus EPS estimate being $0.90.
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.
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
: 8.3% compared to the 8.5% average estimate based on three analysts.
Net Interest Income
: $922 million versus $919.18 million estimated by five analysts on average.
Net interest income after provision for finance receivable losses
: $347 million versus $395.70 million estimated by five analysts on average.
Insurance
: $111 million versus $116.79 million estimated by five analysts on average.
Investment
: $30 million compared to the $31.16 million average estimate based on five analysts.
Total other revenues
: $174 million versus the four-analyst average estimate of $183.67 million.
Other income
: $39 million versus the two-analyst average estimate of $36.47 million.
Shares of OneMain have returned +8.7% over the past month versus the Zacks S&P 500 composite's -0.4% 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 Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, OneMain Holdings (OMF - Free Report) reported revenue of $922 million, up 5.6% over the same period last year. EPS came in at $1.02, compared to $1.01 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $918.74 million, representing a surprise of +0.36%. The company delivered an EPS surprise of +13.33%, with the consensus EPS estimate being $0.90.
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.
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:
View all Key Company Metrics for OneMain here>>>Net charge-off ratio
: 8.3% compared to the 8.5% average estimate based on three analysts.Net Interest Income
: $922 million versus $919.18 million estimated by five analysts on average.Net interest income after provision for finance receivable losses
: $347 million versus $395.70 million estimated by five analysts on average.Insurance
: $111 million versus $116.79 million estimated by five analysts on average.Investment
: $30 million compared to the $31.16 million average estimate based on five analysts.Total other revenues
: $174 million versus the four-analyst average estimate of $183.67 million.Other income
: $39 million versus the two-analyst average estimate of $36.47 million.Shares of OneMain have returned +8.7% over the past month versus the Zacks S&P 500 composite's -0.4% 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.