OneMain HoldingsNYSE: OMF

OneMain delivered solid Q3 results as credit fears largely did not come to fruition. Its tighter standards and shrinking back book are helping to decelerate loan losses growth, creating a path to profit growth. With an 8% dividend yield, some buybacks, and an 8.6x multiple, OMF is attractive.

The headline numbers for OneMain (OMF) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

OneMain Financial remains a Buy due to its resilience in subprime lending, despite a challenging 2024. The company's strategic moves, including the acquisition of Foursight Capital and the rollout of BrightWay credit cards, position it for future growth. Lower delinquency rates and active portfolio management have helped OneMain navigate economic stress, with positive earnings and increased dividends.

NEW YORK , Oct. 8, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its third quarter 2024 results before the market opens on Wednesday, October 30, 2024. The earnings release will be available on OneMain's investor relations website at https://investor.onemainfinancial.com/.

NEW YORK , Sept. 3, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, announced today that Doug Shulman, Chairman and CEO, will present at the Barclays 22nd Annual Global Financial Services Conference at 9:45 a.m.

OneMain Financial beat earnings expectations and grew revenue, but investors are concerned about the economy, leading to a 15% drop in share prices. Higher interest rates boosted net interest income, but an increase in the provision for finance losses led to a drop in income before taxes. Despite risks associated with consumer credit loans, OneMain Financial's cash flow from operations in the first half of 2024 was sufficient to cover dividend obligations and support loan growth.

OneMain Holdings, Inc. (NYSE:OMF ) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Peter Poillon - Head, IR Doug Shulman - Chairman & CEO Jenny Osterhout - CFO Conference Call Participants Terry Ma - Barclays Moshe Orenbuch - TD Cowen Michael Kaye - Wells Fargo Rick Shane - JPMorgan Mihir Bhatia - Bank of America John Rowan - Janney Vincent Caintic - BTIG Mark DeVries - Deutsche Bank David Scharf - Citizens JMP Operator Please standby we're about to begin. Welcome to the OneMain Financial Second Quarter 2024 Earnings Conference Call and Webcast.

While the top- and bottom-line numbers for OneMain (OMF) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

OneMain Holdings (OMF) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.01 per share a year ago.