On June 30, 2023, ONEMAIN HOLDINGS ($NYSE:OMF) reported their earnings for fiscal year 2023 second quarter, ending July 26. For the quarter, total revenue came in at USD 1058.0 million, up 1.4% compared to same period last year. Net income was reported as USD 103.0 million, a decrease of 50.7% when compared to the same quarter in the prior year.
On Wednesday, ONEMAIN HOLDINGS released their second quarter FY2023 earnings results for the quarter ending June 30 2023. The stock opened at $44.3 and closed at $45.0, which was a 6.3% drop from the prior closing price of 48.0. Looking ahead, ONEMAIN HOLDINGS is expecting to continue to experience a decrease in revenue and net income in the upcoming quarters due to current market conditions. The company is focused on cost control and streamlining operations to minimize losses and maximize profitability in the coming quarters. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Onemain Holdings. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Onemain Holdings. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Onemain Holdings. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Onemain Holdings are shown below. More…
Income Statement Ratios
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Analysis – Onemain Holdings Intrinsic Value Calculation
GoodWhale conducted an analysis of ONEMAIN HOLDINGS to assess its wellbeing. After careful consideration, our proprietary Valuation Line concluded that the fair value of ONEMAIN HOLDINGS’ share is around $48.9. However, it is currently being traded at $45.0, meaning that it is being undervalued by 8.0%. This means that the stock may be a good buy at this time. We recommend keeping an eye on ONEMAIN HOLDINGS and observing the market trend to make the best decision. More…
Risk Rating Analysis
Star Chart Analysis
The company offers a wide range of products and services to meet the needs of its customers. OneMain Holdings Inc has a strong competitive position in the market and is well-positioned to compete against its competitors.
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Investors in ONEMAIN HOLDINGS should be cautious following the release of the company’s earnings results for FY2023 Q2. Total revenue rose 1.4% year-over-year, but net income fell by 50.7%. The stock price dropped on the same day, indicating that investors were not pleased with the performance. It is important for investors to closely monitor ONEMAIN HOLDINGS’ financial reports going forward to make informed decisions about the company’s future prospects.