Aaron's Company surge after raising FY profit forecast

Aaron's

24/04/2023 23:15

** Shares of lease-to-own furniture retailer Aaron's Company
 AAN.N  up 13.9% at $11.64 after the bell 
    ** Co raises FY adj profit outlook, now sees it between
$1/shr and $1.40/shr compared with $0.70/shr to $1.10/shr
expected earlier
    ** Analysts expect full-year adj. EPS to be $0.92/shr-
Refinitiv data 
    ** Posts Q1 adj. profit of $0.66/shr, beating street
estimates of $0.27/shr 
    ** 2 of 7 brokerages rate the stock "buy" or higher, 4
"hold" and 1 "sell" or lower; their median PT is $14.00
    ** As of last close, AAN fell 14.48% YTD 

 (Reporting By Akshita Toshniwal)
 ((Akshita.Toshniwal@thomsonreuters.com))