Credit Acceptance Corp expected to post earnings of $8.18 a share - Earnings Preview

Credit Acceptance

28/07/2023 23:31

* Credit Acceptance Corp  CACC.OQ   CACC.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 1. 
    * The Southfield Michigan-based  company is expected to
report  a
1.4% increase in revenue to $463.856 million from $457.4 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Credit Acceptance
Corp is
for earnings of $8.18 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 no "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 $450​, below​ its last closing price of $547.90. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  8.70        8.81       7.61      Missed  -13.6
 Dec. 31 2023  6.66        7.16       9.58      Beat    33.9
 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.        12.96       12.37      14.94     Beat    20.8
 31 2022                                                
 Dec. 31 2021  13.08       12.69      14.60     Beat    15.1​
 Sep. 30 2021  13.42       12.02      15.79     Beat    31.3
 Jun. 30 2021  9.98        10.36      17.18     Beat    65.8
 This summary was machine generated July 28 at 22:31 GMT.  All
figures in US dollars  unless otherwise stated