Credit Acceptance Corp reports results for the quarter ended in December - Earnings Summary

Credit Acceptance

31/01/2023 22:01

* Credit Acceptance Corp  CACC.OQ  reported quarterly
adjusted
earnings of $9.58​​ per share for the quarter ended in December.
The mean expectation of five analysts for the quarter was
for earnings of $7.16 per share.
    * Revenue fell 0.9% to $459.00 million from a year ago;
analysts
expected $452.89 million. 
    * Credit Acceptance Corp's reported EPS for the quarter was
$9.58​.
    * The mean earnings estimate of analysts had fallen by
about 20.1%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Credit Acceptance Corp shares had fallen by 5.4% this
quarter.
    * The company reported quarterly net income of $127.3
million.
    * Wall Street's median 12-month price target for Credit
Acceptance
Corp is $400.00 
    * 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." 

This summary was machine generated from Refinitiv data January
31 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      7.16           9.58           Beat
 Sep. 30 2022      10.33          6.49           Missed
 Jun. 30 2022      12.89          7.94           Missed
 Mar. 31 2022      12.37          14.94          Beat