Happen Q2 EPS rises 52% as loan originations grow
HAPN•Outlook
- Happen Inc sees Q3 loan originations between $3.20 bln and $3.35 bln
- Company expects Q3 diluted EPS of $0.43 to $0.48
- Happen Inc projects full-year 2026 loan originations of $12.2 bln to $12.6 bln
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $262.9 mln | $262.39 mln (9 Analysts) |
| Q2 EPS | $0.50 | ||
| Q2 Net Income | $58.1 mln | ||
| Q2 Credit Loss Provision | -$10.9 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst coverage
- The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the consumer lending peer group is "buy."
- Wall Street's median 12-month price target for Happen Inc is $23.00, about 27.4% above its July 24 closing price of $18.06
- The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago
