Compared to Estimates, OneMain (OMF) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, OneMain Holdings (OMF) reported revenue of $900 million, up 0.6% over the same period last year. EPS came in at $1.57, compared to $1.51 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $907.28 million, representing a surprise of -0.80%. The company delivered an EPS surprise of +3.97%, with the consensus EPS estimate being $1.51.
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: 6.7% compared to the 6.8% average estimate based on four analysts.
Insurance: $113 million versus $113.75 million estimated by six analysts on average.
Net interest income after provision for finance receivable losses: $490 million versus $487.37 million estimated by six analysts on average.
Investment: $32 million versus the six-analyst average estimate of $27.69 million.
Total other revenues: $185 million versus the five-analyst average estimate of $180.54 million.
Other income: $29 million compared to the $36.02 million average estimate based on five analysts.
Net Interest Income: $900 million versus $904.25 million estimated by five analysts on average.
View all Key Company Metrics for OneMain here>>>
Shares of OneMain have returned -6.6% over the past month versus the Zacks S&P 500 composite's -1.6% 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.
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OneMain Holdings, Inc. (OMF) : Free Stock Analysis Report
