Overview
U.S. pawn lender's Q2 revenue rose 46% yr/yr, driven by acquisitions and strong pawn demand
Adjusted EPS for Q2 beat analyst expectations, rising 76% yr/yr
Adjusted EBITDA for Q2 beat analyst expectations, up 76% yr/yr
Outlook
EZCORP did not provide specific financial guidance for the current or future periods
Result Drivers
ACQUISITIONS - Co said revenue and profit growth were helped by the addition of SMG and other acquired stores
STRONG PAWN DEMAND - Higher average loan size and continued demand for pawn loans contributed to increased pawn loans outstanding and pawn service charges
HIGHER GOLD PRICES - Increased jewelry scrap sales and margins were driven by higher gold prices and more jewelry purchases
Company press release: ID:nGNX7wXyZT
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.58
$0.41 (7 Analysts)
Q2 EPS
$0.61
Q2 Net Income
$49.58 mln
Q2 Adjusted EBITDA
Beat
$76.90 mln
$56.22 mln (7 Analysts)
Q2 Gross Profit
$260.04 mln
Q2 Operating Income
$67.84 mln
Q2 Pretax Profit
$65.49 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 $34.00, about 1.8% above its May 5 closing price of $33.41
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago
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.)