Atlanticus Holdings Corp reports results for the quarter ended in March - Earnings Summary

Atlanticus Holdings

13/05/2024 13:00

* Atlanticus Holdings Corp  ATLC.OQ  reported quarterly
adjusted
earnings of $1.09​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.08.  The mean expectation of four analysts
for the quarter was for earnings of $1.01 per share. Wall Street
expected results to range from 85 cents to $1.19 per share.
    * Revenue rose 11.4% to $290.71 million from a year ago;
analysts
expected $311.36 million. 
    * Atlanticus Holdings Corp's reported EPS for the quarter
was
$1.09​.
    * The company reported quarterly net income of $19.88
million.
    * Atlanticus Holdings Corp shares had fallen by 2.3% this
quarter and lost 25.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for Atlanticus
Holdings Corp is $44.50 
This summary was machine generated from LSEG data May 13 at
12:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.01           1.09           Beat
 Dec. 31 2023      0.96           1.06           Beat
 Sep. 30 2023      1.01           1.03           Beat
 Jun. 30 2023      0.74           1.02           Beat