Credit Acceptance Corp expected to post earnings of $5.43 a share - Earnings Preview

Credit Acceptance

29/01/2024 21:13

* Credit Acceptance Corp  CACC.OQ   CACC.O  is expected
to show a
rise in quarterly revenue when it reports  results on January 31
for the period ending December 31 2023
    * The Southfield Michigan-based  company is expected to
report a
6.7% increase in revenue to $489.529 million from $459 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data. (SAL is on Total Revenue basis)
    * ​LSEG's mean analyst estimate for Credit Acceptance Corp
is for
earnings of $5.43 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Credit
Acceptance
Corp is $440.00​, below​ its last closing price of $550.52. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  5.00        5.71       5.43      Missed  -4.9
 Jun. 30 2023  7.64        8.18       1.69      Missed  -79.3
 Mar. 31 2023  8.70        8.81       7.61      Missed  -13.6​
 Dec. 31 2022  6.66        7.16       9.58      Beat    33.9
 ​​Sep.        8.82        10.33      6.49      Missed  -37.1
 30 2022                                                
 Jun. 30 2022  13.43       12.89      7.94      Missed  -38.4​
 Mar. 31 2022  12.96       12.37      14.94     Beat    20.8
 Dec. 31 2021  13.08       12.69      14.60     Beat    15.1
 This summary was machine generated January 29 at 21:13 GMT.  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)