Strength seen in Oportun Financial with 8.6% jump, boosted by investor confidence

Oportun Financial Corporation (OPRT) shares surged 8.6% to $7.69 in the last trading session with high volume. The company showed support for CEO Raul Vazquez, urging shareholders to retain him on the board, countering efforts to remove him by Findell Capital Management. This boosted investor confidence and pushed OPRT stock higher.

Oportun Financial is expected to post quarterly earnings of $0.21 per share, a 162.5% year-over-year increase, with revenues of $239.79 million, down 4.2% from last year. Consensus EPS estimate for the quarter remains unchanged, showing a strong correlation between earnings estimate revisions and stock price movements.

Another stock in the Financial – Miscellaneous Services industry, StepStone Group Inc. (STEP), closed slightly higher at $57.08. The consensus EPS estimate for STEP’s upcoming report is $0.41, representing a -14.6% change from last year. StepStone Group currently holds a Zacks Rank of #1 (Strong Buy).

Read more at Nasdaq: Strength Seen in Oportun Financial (OPRT): Can Its 8.6% Jump Turn into More Strength?