OneMain Holdings (NYSE:OMF) First Quarter 2024 Results

Key Financial Results

• Revenue: US$645.0m (flat on 1Q 2023).

• Net income: US$155.0m (down 13% from 1Q 2023).

• Profit margin: 24% (down from 28% in 1Q 2023).

• EPS: US$1.29 (down from US$1.48 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

OneMain Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for OneMain Holdings (1 doesn't sit too well with us!) that we have uncovered.

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