Credit Acceptance Corp expected to post earnings of $7.16 a share - Earnings Preview

Credit Acceptance

27/01/2023 21:56

* Credit Acceptance Corp  CACC.OQ   CACC.O  is expected
to show a
fall in quarterly revenue when it reports  results on January
31. 
    * The Southfield Michigan-based  company is expected to
report  a
2.2% decrease in revenue to $452.89 million from $463.2 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Credit Acceptance
Corp is
for earnings of $7.16 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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 $400​, below​ its last closing price of $455.95. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  8.82        10.33      6.49      Missed  -37.1
 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
 ​​Sep.        13.42       12.02      15.79     Beat    31.3
 30 2021                                                
 Jun. 30 2021  9.98        10.36      17.18     Beat    65.8​
 Mar. 31 2021  7.87        7.92       11.82     Beat    49.2
 Dec. 31 2020  7.14        7.21       9.43      Beat    30.7
 This summary was machine generated January 27 at 21:56 GMT.  All
figures in US dollars  unless otherwise stated