OppFi Inc (NYSE:OPFI) on Monday reported worse-than-expected second-quarter financial results and cut its FY26 guidance below estimates.
OppFi reported quarterly earnings of 33 cents per share which missed the analyst consensus estimate of 45 cents per share. The company reported quarterly sales of $145.170 million which missed the analyst consensus estimate of $155.898 million.
OppFi cut its FY2026 adjusted EPS guidance from $1.76-$1.84 to $1.34-$1.51 and also lowered sales guidance from $650.000 million-$675.000 million to $600.000 million-$625.000 million.
“The strategic transformation of OppFi continues to gain momentum as we execute against the initiatives that lay the foundation for our next chapter,” said Todd Schwartz, CEO and Executive Chairman. “As we advance our pending acquisition of BNCCORP, Inc. and BNC National Bank, prepare the launch of our new line of credit product, and further expand our product roadmap, we are building a more diversified, technology-enabled financial platform. We believe a broader product suite, enhanced technology capabilities, and the strategic benefits of operating as a national bank will strengthen our long-term earnings power, drive more consistent performance across economic cycles, and position OppFi to create substantial long-term value for customers, communities, and shareholders.”
OppFi shares dipped 18.1% to trade at $7.18 on Tuesday.
These analysts made changes to their price targets on OppFi following earnings announcement.
- Stephens & Co. analyst Kyle Joseph maintained the stock with an Equal-Weight rating and lowered the price target from $11 to $9.5.
- Citizens analyst David Scharf maintained the stock with a Market Outperform and lowered the price target from $15 to $11.
Considering buying OPFI stock? Here’s what analysts think:
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