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Monday, April 27, 2020

-=OneMain Holdings (OMF) reported earnings on Mon 27 Apr 20 (a/h)

OneMain Holdings (OMF) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -52.86%. A quarter ago, it was expected that this consumer finance company would post earnings of $1.72 per share when it actually produced earnings of $1.96, delivering a surprise of 13.95%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

OneMain, which belongs to the Zacks Financial - Consumer Loans industry, posted revenues of $851 million for the quarter ended March 2020, surpassing the Zacks Consensus Estimate by 2.34%. This compares to year-ago revenues of $720 million. The company has topped consensus revenue estimates four 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 lost about 54.8% since the beginning of the year versus the S&P 500's decline of -12.2%.

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