NYSE$OPY

Oppenheimer Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Oppenheimer's financial performance declined due to macroeconomic headwinds and decreased capital market activity.

Oppenheimer Holdings Inc. reported a net loss of $3.9 million for the second quarter of 2022, compared to a net income of $31.2 million for the same period in 2021. The decrease was attributed to macroeconomic factors and a significant downturn in equity capital market issuance. Revenue for the quarter was $237.2 million, a 30.3% decrease compared to the previous year.

  • Revenue decreased by 30.3% year-over-year, totaling $237.2 million.
  • The company experienced a net loss of $3.9 million, a significant decrease from the $31.2 million net income in Q2 2021.
  • Capital Markets revenue decreased by 52% due to a decline in equity capital market issuance and higher interest rates.
  • The company repurchased 885,230 shares of its Class A non-voting common shares, representing 7% of shares outstanding at year-end 2021.

Headline financials

Total Revenue

$237M

Previous: $340M-30.3%
EPS (adj)

-$0.32

Previous: $2.28-114.0%
Capital Expenditures

-$2.31M

Previous: -$6.74M+65.8%
Free Cash Flow

-$6.18M

Previous: $24.4M-125.3%
Net Income

-$3.87M

Previous: $31.2M-112.4%
Operating Income

-$6.17M

Previous: $43.2M-114.3%
Gross Profit

$237M

Previous: $340M-30.3%
Cash & Equivalents

$36.6M

Previous: $39.8M-8.0%
Total Assets

$2.92B

Previous: $2.71B+7.6%
Stock-Based Comp

-$5.5M

Previous: $15.5M-135.4%

Revenue & EPS history

Oppenheimer · Revenue · Quarterly

$237M

Q2 2022-30.3%vs Q2 2021

Revenue by segment

Oppenheimer · $71.3M total across 1 segment · Q2 2022

  • Capital Markets
    $71.3M-51.8%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 Q2 2022

Historical avgQ2 2022

+0.7%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+5.3%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+20.3%

Q4 2020

Best reaction

-9.5%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%-15.8%-20.9%
Q4 2025+10.8%+19.1%+13.2%
Q3 2025+0.8%+0.8%-1.8%
Q1 2025+1.7%-0.2%+8.8%
Q4 2024-6.0%-7.6%-9.0%
Q3 2024+18.8%+18.3%+25.7%
Q2 2024-9.5%-11.3%-9.3%
Q1 2024+6.0%+4.1%+16.5%
Q4 2023-3.3%-6.3%-0.6%
Q3 2023+2.1%+5.6%+20.8%
Q2 2023-5.6%-5.1%-5.0%
Q1 2023-1.1%-1.9%-2.8%
Q4 2022-1.8%-2.5%-7.0%
Q3 2022+9.8%+13.6%+30.9%
Q2 2022-2.9%-2.0%-1.8%
Q1 2022-2.2%+1.3%+6.3%
Q4 2021+2.9%+3.0%+4.4%
Q3 2021+1.7%+4.7%-1.0%
Q2 2021+3.3%+2.5%+9.3%
Q1 2021+6.8%+5.9%+5.2%
Q4 2020+20.3%+17.4%+23.7%
Q3 2020-5.3%-2.8%+13.5%
Q2 2020+2.9%+8.5%+21.8%
Q1 2020-6.1%-11.4%+2.9%
Q4 2019+3.6%+7.2%-9.0%
Q3 2019-1.9%-0.1%+0.0%
Q2 2019+5.2%+3.2%-5.4%
Q1 2019+6.6%+5.7%+4.3%
Q4 2018+2.0%-2.2%+5.5%
Q3 2018+4.1%+8.2%-0.6%
Q2 2018+3.1%+9.6%+16.1%
Q1 2018+0.9%+1.7%+9.2%
Q4 2017+2.0%-2.0%-3.6%
Q3 2017+11.8%+17.2%+47.3%
Q2 2017-3.1%-2.5%+1.2%
Q1 2017-2.6%-6.3%-10.3%
Q4 2016-9.1%-12.8%-10.7%
Q3 2016-5.7%-6.4%+15.5%
Q2 2016+0.2%-0.6%+2.2%
Q1 2016-1.1%
Q4 2015+8.9%
Q3 2015-4.9%
Q2 2015-8.0%
Q1 2015+1.0%
Q4 2014+2.1%
Q3 2014+6.0%
Q2 2014-3.3%
Q1 2014-2.6%
Q4 2013-6.2%
Q3 2013+3.3%
Q2 2013-1.8%
Q1 2013+1.2%
Q4 2012+4.3%
Q2 2012+4.3%
Q3 2012+8.0%
Q4 2011+4.4%
Q1 2012-4.0%
Q1 2011-4.0%
Q2 2011-1.5%
Q4 2009-1.5%
Q3 2011+1.3%
Q3 2010+1.3%
Q4 2010-9.1%
Q2 2010-9.1%
Q1 2010+1.5%

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