Consumer finance company OneMain Holdings (NYSE: OMF) will be reporting results this Friday before the bell. Here’s what investors should know.
OneMain met analysts’ revenue expectations last quarter, reporting revenues of $1.28 billion, up 8.8% year on year. It was a satisfactory quarter for the company, with but .
Is OneMain a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting OneMain’s revenue to grow 6.9% year on year, slowing from the 9.8% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. OneMain has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at OneMain’s peers in the personal loan segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FirstCash delivered year-on-year revenue growth of 25.7%, beating analysts’ expectations by 4.8%, and LendingClub reported revenues up 15.9%, topping estimates by 1.2%. FirstCash traded up 3.1% following the results while LendingClub was down 1.7%.
Read our full analysis of FirstCash’s results here and LendingClub’s results here.
There has been positive sentiment among investors in the personal loan segment, with share prices up 9.1% on average over the last month. OneMain is up 8.5% during the same time and is heading into earnings with an average analyst price target of $68 (compared to the current share price of $58.03).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
