NASDAQ$OPRT

Oportun Financial Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported financial results for the third quarter ended September 30, 2020.

Oportun's Q3 2020 results showed a near doubling of originations quarter over quarter, profitable Adjusted EPS, strong credit performance, and a strengthened capital and liquidity position. The company also announced a partnership agreement with MetaBank to expand services across the nation.

  • Originations nearly doubled quarter over quarter.
  • Delivered profitable Adjusted EPS.
  • Demonstrated strong credit performance.
  • Strengthened capital and liquidity position.

Headline financials

Total Revenue

$137M

Previous: $154M-11.1%
EPS (adj)

$0.15

Previous: $0.64-76.6%
Net Charge-Off Rate

10.4%

Previous: 8.1%+28.4%
ROE

-5.3%

Previous: 9.6%-155.2%
Adjusted ROE

3.7%

Previous: 14.6%-74.7%
Capital Expenditures

-$3.61M

Previous: -$5.77M+37.4%
Free Cash Flow

-$9.66M

Previous: $4.26M-326.5%
Net Income

-$6.05M

Previous: $10M-160.3%
Operating Income

$121M

Previous: $149M-18.5%
Gross Profit

$137M

Previous: $153M-10.9%
Cash & Equivalents

$110M

Previous: $155M-29.0%
Total Assets

$1.92B

Previous: $2.09B-8.4%
Stock-Based Comp

$5.19M

Previous: $11.2M-53.5%

Revenue & EPS history

Oportun · Revenue · Quarterly

$137M

Q3 2020-11.1%vs Q3 2019
Beat estimate in 5 of 8 quarters(63%)
ActualEstimate

Revenue by segment

Oportun · $260M total across 2 segments · Q1 2023

  • Interest Income
    $238M
  • Non-interest Income
    $21.9M

Forward guidance

Given the ongoing uncertainty surrounding the duration and severity of COVID-19, Oportun is not providing forward-looking guidance at this time. The Company anticipates its future financial performance will continue to be impacted by the pandemic and its economic consequences, but the magnitude and timing of this impact is too dependent on external factors to reliably set guidance parameters at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+3.1%

Avg return

Earnings day

+4.2%

Avg return

5 days after

+1.9%

Avg return

30 days after

68%

21 / 31 earnings

Positive

+37.6%

Q1 2023

Best reaction

-51.5%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%-7.8%
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%
Q1 2019+4.4%+3.8%+8.0%
Q4 2018+4.4%+3.8%+8.0%
Q3 2018+4.4%+3.8%+8.0%
Q2 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

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