Credit Acceptance Corp expected to post earnings of $9.05 a share - Earnings Preview

Credit Acceptance

29/10/2024 03:06

* Credit Acceptance Corp  CACC.OQ   CACC.O  is expected
to show a
rise in quarterly revenue when it reports  results on October 30
for the period ending September 30 2024
    * The Southfield Michigan-based  company is expected to
report a
14.1% increase in revenue to $545.89 million from $478.6 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. (SAL is on Total Revenue basis)
    * ​LSEG's mean analyst estimate for Credit Acceptance Corp
is for
earnings of $9.05 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"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 $449.00​, below​ its last closing price of $465.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  8.90        8.91       10.29     Beat    15.4
 Mar. 31 2024  8.57        8.35       9.28      Beat    11.2
 Jan. 1 0001   5.92        5.43       7.29      Beat    34.3​
 Sep. 30 2023  5.00        5.71       5.43      Missed  -4.9
 ​​Jun.        7.64        8.18       1.69      Missed  -79.3
 30 2023                                                
 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. 30 2022  8.82        10.33      6.49      Missed  -37.1
 This summary was machine generated October 29 at 03:06 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)