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

Upbound

01/08/2024 15:23

* Upbound Group Inc  UPBD.OQ  reported quarterly adjusted
earnings
of $1.04​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of
$1.11.  The mean expectation of eight analysts for the quarter
was for earnings of $1.03 per share. Wall Street expected
results to range from 98 cents to $1.09 per share.
    * Revenue rose 9.9% to $1.08 billion from a year ago;
analysts
expected $1.03 billion. 
    * Upbound Group Inc's reported EPS for the quarter was 61
cents​.
    * The company reported quarterly net income of $33.95
million.
    * Upbound Group Inc shares had risen by 22.9% this
quarter and
gained 11.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
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 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 $42.50 
This summary was machine generated from LSEG data August 1 at
02:23 p.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
 Jun. 30 2024      1.03           1.04           Beat
 Mar. 31 2024      0.77           0.79           Beat
 Dec. 31 2023      0.77           0.81           Beat
 Sep. 30 2023      0.75           0.79           Beat