Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/stockstowatch/public_html/wp-content/mu-plugins/GrULw0.php on line 4

Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/stockstowatch/public_html/wp-content/mu-plugins/GrULw0.php on line 4
OneMain (OMF) Reports Q4 Earnings: What Key Metrics Have to Say – Stocks to Watch
  • Wed. May 1st, 2024

OneMain (OMF) Reports Q4 Earnings: What Key Metrics Have to Say

ByZacks

Feb 7, 2023
Voya Financial (VOYA) Q3 Earnings and Revenues Top Estimates

[ad_1]

For the quarter ended December 2022, OneMain Holdings (OMF) reported revenue of $891 million, up 13.7% over the same period last year. EPS came in at $1.56, compared to $2.38 in the year-ago quarter.

The reported revenue represents a surprise of -0.23% over the Zacks Consensus Estimate of $893.06 million. With the consensus EPS estimate being $1.50, the EPS surprise was +4.00%.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.

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: 6.88% compared to the 7.11% average estimate based on four analysts.
  • Insurance: $111 million compared to the $114.28 million average estimate based on six analysts.
  • Investment: $22 million compared to the $16.66 million average estimate based on six analysts.
  • Total other revenues: $169 million compared to the $165.62 million average estimate based on five analysts.
  • Net interest income after provision for finance receivable losses: $487 million compared to the $480.33 million average estimate based on five analysts.
  • Net Interest Income: $891 million versus $896.86 million estimated by five analysts on average.
  • Other income: $24 million versus the four-analyst average estimate of $35.25 million.

View all Key Company Metrics for OneMain here>>>

Shares of OneMain have returned +16.5% over the past month versus the Zacks S&P 500 composite’s +5.6% 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.

Free Report: Must-See Hydrogen Stocks

Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America’s power. It could even totally revolutionize the EV industry.

Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.

Download Cashing In on Cleaner Energy today, absolutely free.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

OneMain Holdings, Inc. (OMF) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

[ad_2]

Image and article originally from www.nasdaq.com. Read the original article here.