As a result of multi-decade high inflation, the Fed could increase interest rates several more times in 2022–2023. Expanding net interest margins and loan expansion are two factors believes to benefit net interest income. In 2022, net revenue is expected to expand due to increasing net interest income. It is expected that loan growth will continue to be high in 2022 as consumers use down their extra savings and government aid continues to be phased out. In addition, consumers amassed $87.3 billion in new credit card debt in 2021, significantly more than the $48.5 billion 10-year average, according to WalletHub's Credit Card Debt Study. In contrast to organizations that target subprime customers, the outlook is favorable for businesses with a prime and wealthy customer base. There is a neutral forecast for the consumer lending sector. Sunlight Financial Holdings Inc does not currently pay a dividend. Analysts expect adjusted earnings to reach $-0.216 per share for the current fiscal year. Year-over-year quarterly sales growth most recently was -27.3%. Sunlight Financial Holdings Inc’s trailing 12-month revenue is $90.7 million with a -358.0% profit margin. Sunlight Financial Holdings Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Latest Sunlight Financial Holdings Inc Stock NewsĪs of June 06, 2023, Sunlight Financial Holdings Inc had a $46.9 million market capitalization, putting it in the 26th percentile of companies in the Consumer Lending industry. Read on to find out how ( SUNL) grades on certain investment factors and determine whether it meets your investment needs. Learn more about whether Sunlight Financial Holdings Inc is a good stock to buy or sell based on recent news as well as its key financial metrics.
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