OneMain Holdings (OMF) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this consumer finance company would post earnings of $1.32 per share when it actually produced earnings of $1.37, delivering a surprise of 3.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
OneMain, which belongs to the Zacks Financial - Consumer Loans industry, posted revenues of $762 million for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 2.55%. This compares to year-ago revenues of $685 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
OneMain shares have added about 48.1% since the beginning of the year versus the S&P 500's gain of 20.7%.
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