Overview
Pawn transaction provider's Q1 revenue rose 19% to $382 mln, adjusted EPS beat expectations
Company expanded to 1,500 stores across 16 countries after recent acquisitions
Adjusted EBITDA rose 36% to $70.3 mln, exceeding analyst estimates
Outlook
Company plans to integrate and scale newly acquired platforms for future growth
EZCORP aims to pursue additional organic and inorganic growth opportunities
Result Drivers
PAWN LOANS - PLO rose 14% to $314.4 mln, driven by higher average loan size and strong pawn demand
STORE EXPANSION - Co added 23 stores, including 17 acquired and 7 new, enhancing its market presence
JEWELRY SALES - Jewelry scrap sales surged 139%, benefiting from higher gold prices and increased purchases
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.55
$0.41 (7 Analysts)
Q1 EPS
$0.55
Q1 Net Income
$44.30 mln
Q1 Adjusted EBITDA
Beat
$70.30 mln
$55.05 mln (4 Analysts)
Q1 Gross Profit
$222.97 mln
Q1 Operating Income
$60.61 mln
Q1 Pretax Profit
$59.17 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer lending peer group is "buy"
Wall Street's median 12-month price target for EZCORP Inc is $25.50, about 15.4% above its February 3 closing price of $22.09
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nGNX1TGFpS
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)