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

Upbound

03/05/2024 05:10

* Upbound Group Inc  UPBD.OQ  reported quarterly adjusted
earnings
of 79 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 83 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 77 cents per share. Wall Street
expected results to range from 72 cents to 80 cents per share.
    * Revenue rose 7.9% to $1.10 billion from a year ago;
analysts
expected $1.05 billion. 
    * Upbound Group Inc's reported EPS for the quarter was 50
cents​.
    * The company reported quarterly net income of $27.69
million.
    * Upbound Group Inc shares had fallen by 10.2% this
quarter and
lost 6.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Upbound
Group Inc
is $41.00 

This summary was machine generated from LSEG data May 3 at 04:10
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
 Mar. 31 2024      0.77           0.79           Beat
 Dec. 31 2023      0.77           0.81           Beat
 Sep. 30 2023      0.75           0.79           Beat
 Jun. 30 2023      0.75           1.11           Beat