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

Upbound

02/11/2023 14:18

* Upbound Group Inc  UPBD.OQ  reported quarterly adjusted
earnings
of 79 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 94 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 75 cents per share. Wall Street
expected results to range from 71 cents to 80 cents per share.
    * Revenue fell 4.4% to $979.10 million from a year ago;
analysts
expected $968.56 million. 
    * Upbound Group Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $4.36
million.
    * Upbound Group Inc shares had fallen by 11.3% this
quarter and
gained 15.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 5 "strong buy" or "buy," 3
"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 $39.50 
This summary was machine generated from LSEG data November 2 at
02:18 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.75           0.79           Beat
 Jun. 30 2023      0.75           1.11           Beat
 Mar. 31 2023      0.66           0.83           Beat
 Dec. 31 2022      0.74           0.86           Beat