Stocks To Watch Ahead Of Earnings: OneMain

With its next quarterly earnings report scheduled for around Apr. 26, OneMain (OMF) is currently approximately 6% below a 57.60 entry. The current formation is a first-stage flat base.


Keep in mind that jumping into a stock right as it gets ready to report means you likely won’t have enough time to build a profit cushion before the release. That leaves you exposed to a sudden downturn if the company disappoints investors with poor numbers and/or weak guidance. You can minimize your risk by waiting to see the actual numbers and the market’s reaction. Using an options strategy during earnings season is another way to put yourself in a position to profit, while minimizing the potential downside.

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In terms of fundamentals, the company has posted three quarters of rising earnings growth. Revenue growth has been less impressive, coming in at -3% in the latest report.

Analysts expect EPSe growth of 787% for the quarter, and 37% growth for the full year. Earnings-per-share estimates for the full year were recently revised upward.

The company has a 97 Composite Rating and holds the No. 3 rank among its peers in the Finance-Consumer Loans industry group. Level One Bancorp (LEVL) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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