OneMain Holdings Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

OneMain Holdings (NYSE:OMF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$652.0m (down 3.4% from 3Q 2023).
• Net income: US$157.0m (down 19% from 3Q 2023).
• Profit margin: 24% (down from 29% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$1.31 (down from US$1.61 in 3Q 2023).

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

OneMain Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are up 6.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - OneMain Holdings has 2 warning signs (and 1 which is potentially serious) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.