(Adds Outlook)
For the full year, OppFi Inc. (OPFI) has raised its adjusted earnings per share-outlook to $0.58 to $0.62 from the previous range of $0.53 - $0.57.
On average, 3 analysts polled by Thomson-Reuters expect the company to report earnings of $0.55 per share.
The company also reaffirmed its full-year revenue outlook of $510 million to $530 million. The consensus estimate stands at $520.12 million.
Q1 Results:
OppFi released earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $5.54 million, or $0.10 per share. This compares with $0.25 million, or $0.02 per share, in last year's first quarter.
Excluding items, OppFi Inc. reported adjusted earnings of $8.78 million or $0.10 per share for the period.
Analysts on average had expected the company to earn $0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.8% to $127.34 million from $120.37 million last year.
OppFi Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $5.54 Mln. vs. $0.25 Mln. last year.
-EPS (Q1): $0.10 vs. $0.02 last year.
-Revenue (Q1): $127.34 Mln vs. $120.37 Mln last year.
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