Upbound Group Inc reports results for the quarter ended in December - Earnings Summary

Upbound

23/02/2024 03:04

* Upbound Group Inc  UPBD.OQ  reported quarterly adjusted
earnings
of 81 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 86 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 77 cents per share. Wall Street
expected results to range from 73 cents to 80 cents per share.
    * Revenue rose 2.8% to $1.02 billion from a year ago;
analysts
expected $994.07 million. 
    * Upbound Group Inc's reported EPS for the quarter was a
loss
of 21 cents​.
    * The company reported a quarterly loss of $11.25 million.
    * Upbound Group Inc shares had fallen by 5.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
specialty retailers peer group is also "buy"

Wall Street's median 12-month price target for Upbound Group Inc
is $40.50 
This summary was machine generated from LSEG data February 23 at
03:03 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.77           0.81           Beat
 Sep. 30 2023      0.75           0.79           Beat
 Jun. 30 2023      0.75           1.11           Beat
 Mar. 31 2023      0.66           0.83           Beat