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EZPW — EZCORP News Story

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EZCORP Q2 adjusted EPS jumps 76% on higher gold prices, beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q2 Adjusted EPSBeat$0.58$0.41 (7 Analysts)
Q2 EPS$0.61
Q2 Net Income$49.58 mln
Q2 Adjusted EBITDABeat$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.)

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