NASDAQ$OPRT
Oportun Financial Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported strong operating results and profitability, maintained a solid credit profile, and advanced all of its 2021 strategic objectives.
Oportun Financial Corporation reported strong first quarter 2021 financial results with GAAP diluted EPS of $0.10 and Adjusted EPS of $0.41. The company's credit performance demonstrated the efficacy of its A.I.-driven models and reflected the favorable economic environment and stimulus impact.
- Delivered strong operating results and profitability.
- Maintained a solid credit profile.
- Advanced all of 2021 strategic objectives.
- Credit performance demonstrated the efficacy of A.I.-driven models.
Headline financials
Revenue & EPS history
Oportun · Revenue · Quarterly
$135M
Revenue by segment
Oportun · $260M total across 2 segments · Q1 2023
- Interest Income$238M—91.6%
- Non-interest Income$21.9M—8.4%
Forward guidance
Oportun is providing the following guidance for 2Q 2021 and full year 2021 as follows:
Tailwinds
- Aggregate Originations $425 M (2Q 2021), $2.1 B (Full Year 2021)
- Total Revenue $135 M (2Q 2021), $600 - $605 M (Full Year 2021)
- Adjusted EBITDA $(2) - $(1) M (2Q 2021), $0 - $5 M (Full Year 2021)
- Adjusted Net Income (1) $1 - $2 M (2Q 2021), $50 - $54 M (Full Year 2021)
- Adjusted EPS $0.03 - $0.07 (2Q 2021), $1.69 - $1.82 (Full Year 2021)
Headwinds
- Annualized Net Charge-Off Rate 6.8% +/- 10 bps (2Q 2021)
- Annualized Net Charge-Off Rate 7.6% +/- 15 bps (Full Year 2021)
- Management's guidance assumes the following for 2Q 2021 and FY 2021, respectively
- With respect to 2Q 2021, for loans which are projected to have a weighted average life of 0.78 years, the Company is assuming a June 30, 2021 interpolated LIBOR/Swap rate of 0.22%, based on the forward rates from May 3, 2021.
- For notes, which have original terms of 2 or 3 years, the Company interpolates between the forward swap rates. The Company is assuming a June 30, 2021 interpolated LIBOR/Swap rate of 0.25%, based on the forward rates from May 3, 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+3.1%
Avg return
Earnings day
+4.2%
Avg return
5 days after
+1.2%
Avg return
30 days after
71%
22 / 31 earnings
Positive
+37.6%
Q1 2023
Best reaction
-51.5%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -7.5% | -17.1% | |
| Q4 2025 | -5.1% | -2.7% | -17.9% | |
| Q3 2025 | +1.6% | -7.6% | +3.9% | |
| Q1 2025 | +9.1% | +16.3% | +14.3% | |
| Q4 2024 | +8.3% | +47.2% | -6.6% | |
| Q3 2024 | -6.3% | -3.1% | +20.9% | |
| Q2 2024 | -2.4% | +7.3% | -1.4% | |
| Q1 2024 | +21.4% | +16.2% | -19.2% | |
| Q4 2023 | -2.1% | -17.7% | -37.5% | |
| Q3 2023 | -51.5% | -59.0% | -52.6% | |
| Q2 2023 | +27.4% | +24.4% | +39.5% | |
| Q1 2023 | +37.6% | +26.9% | +51.0% | |
| Q4 2022 | -36.6% | -15.7% | -7.4% | |
| Q3 2022 | +22.0% | +53.1% | +28.1% | |
| Q2 2022 | -24.1% | -24.1% | -50.6% | |
| Q1 2022 | +1.8% | -1.6% | +4.5% | |
| Q4 2021 | -0.5% | -10.2% | -20.0% | |
| Q3 2021 | +8.9% | +15.1% | -11.4% | |
| Q2 2021 | +15.1% | +14.9% | +18.7% | |
| Q1 2021 | +10.8% | +2.6% | +4.5% | |
| Q4 2020 | -1.1% | -3.8% | +27.3% | |
| Q3 2020 | +5.8% | +10.5% | +20.7% | |
| Q2 2020 | +5.3% | +0.4% | -11.5% | |
| Q1 2020 | +9.4% | +9.9% | +104.5% | |
| Q4 2017 | +9.5% | +9.3% | -41.7% | |
| Q4 2019 | +4.7% | +5.4% | -42.8% | |
| Q2 2019 | +4.4% | +3.8% | +8.0% | |
| Q4 2018 | +4.4% | +3.8% | +8.0% | |
| Q3 2018 | +4.4% | +3.8% | +8.0% | |
| Q1 2019 | +4.4% | +3.8% | +8.0% | |
| Q3 2019 | +8.5% | +7.7% | +6.3% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro